C
hristie's International Real Estate Group has announced a historic milestone in the industrial real estate market with the successful sale of a premier portfolio in Mamaroneck, New York. The property, located along Fenimore Road and Railroad Way, sold for $29 million, setting a new record as the highest industrial sale in Westchester County.

    The 185,544 square foot complex spans 7.26 acres and is strategically positioned near major transportation routes, including I-95 and the Hutchinson River Parkway. This prime location makes it an attractive option for logistics, distribution, and last-mile delivery sectors, which are experiencing significant growth.

    "This transaction highlights the strong demand for industrial properties in key locations," said Bryan Lanza, Director of Christie's International Real Estate's Commercial Division. "Our team's expertise and discreet handling of transactions allowed us to unlock value for our clients."

    The success of this deal reflects the strength and ongoing opportunities within the industrial real estate sector, particularly in desirable locations like Westchester County. Such properties are well-positioned for long-term value appreciation and strong rental yields.

    Christie's International Real Estate's Commercial Division represented both the buyer and seller in this historic deal, demonstrating their ability to navigate complex transactions with confidence and precision. Under Lanza's leadership, the Division has achieved notable successes since its inception in April 2023, including this unprecedented industrial sale.