Friedland Realty Advisors Announce Record-Breaking First Quarter

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Transactions completed surpass $34.5 million

Friedland Realty’s Senior Vice President Robin Herko and Vice President David Scotto brokered the sale of 450-460 Tarrytown Road in White Plains, N.Y. comprising of two buildings on 1.92 acres.

The success that our company has seen in the first quarter of 2016 is a testament to the talent of our brokers and a key indicator of the value that we bring to our clients.

Friedland Realty Advisors, a full-service commercial real estate firm based in Westchester County, is proud to announce one of its most successful quarters in the company’s more than 40 year history. Friedland Realty’s brokers closed deals throughout Westchester County and the Bronx in the 2016 first quarter totaling more than $34.5 million, 203,305 square feet of space and 11.18 acres of land. The news follows an announcement at the end of last year of Robert Martin Company’s ownership stake in the company.

There were several key transactions completed during the first quarter which lead to this unprecedented success. In late March, Friedland Realty’s Senior Vice President Robin Herko and Vice President David Scotto brokered the sale of 450-460 Tarrytown Road in White Plains, N.Y. comprising of two buildings on 1.92 acres. The combination of the desired retail location, directly across the street from the Crossroads Shopping Center, and a lack of inventory in the burgeoning area, allowed Herko and Scotto to secure well over the asking price for the long-time owner of the property, whom Friedland Realty represented in the transaction.

In February, the team of Herko and Scotto brokered the lease of 2,500 square feet of retail space at 3621 Westchester Avenue in the Bronx. Burger King has taken over the new construction located on the corner of Westchester Avenue and Colonial Avenue. Friedland Realty represented the landlord, 3621 Westchester, LLC, and the tenant in the deal.

In January, Friedland Realty’s Andrew Grossman represented both the buyer and seller of 111-131 Old Route 6 in Carmel, N.Y. Westrock Indoor Sports purchased the 48,000-square-foot industrial space from Putnam County National Bank to open a multi-purpose, all-ages indoor sports facility.

“The success that our company has seen in the first quarter of 2016 is a testament to the talent of our brokers and a key indicator of the value that we bring to our clients,” said Sarah Jones-Maturo, president of Friedland Realty Advisors. “We look forward to continued growth across all divisions and territories for the remainder of the year.”

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About Friedland Realty Advisors:
Friedland Realty Advisors is a full-service commercial real estate firm with more than a 40-year pedigree serving the Tri-State area with a particular focus on Westchester, the Bronx, Rockland and Putnam Counties. Friedland Realty relies on a team of talented veteran and junior brokers who represent all asset classes with a focus on industrial, retail and office. Its brokers are supported by robust databases and a capable staff that is dedicated to the success of each broker. Friedland Realty Advisors is located at 440 Mamaroneck Avenue in Harrison, New York and can be reached at (914) 968-8500 or by visiting http://www.friedlandrealty.com.

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Kayleigh Lentz
Co-Communications, Inc.
+1 (914) 666-0066
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@FriedlandNY
since: 07/2014
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