When Mack-Cali announced in 2015 that it would start selling off its Westchester holdings, Robert Martin Company was elated. Robert Martin — an Elmsford-based real estate firm that has developed office parks across Westchester and Fairfield counties — had built most of a 56-property, 3.1 million-square-foot portfolio starting in the 1970s. But it sold it to Mack-Cali for $450 million in 1997 to pay down debt in the wake of the real estate crash earlier […]
source https://therealdeal.com/tristate/issues_articles/beating-a-benchmark/#new_tab#new_tab
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