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record-breaking real estate deal has been announced in Mamaroneck, with a property along Fenimore Road and Railroad Way selling for $29 million. This sale surpasses all previous industrial transactions in Westchester County, making it the highest ever recorded. The 185,544 square foot complex spans 7.26 acres and benefits from its proximity to major transportation routes like I-95 and the Hutchinson River Parkway.
The prime location is expected to drive growth in logistics, distribution, and last-mile delivery sectors, according to Christie's International Real Estate Group. Director Bryan Lanza credits his team with uncovering high-value opportunities and matching them with qualified buyers, ensuring discreet handling of transactions that unlock value for clients.
Lanza notes that the record-breaking transaction reflects the strength of the industrial real estate sector in locations like Westchester County, where properties are well-positioned for long-term value appreciation and strong rental yields. He extends recognition to Darren Lee and Ian Heyman for their expertise and dedication in securing this $29+ million deal, which showcases the collaborative spirit within Christie's International Real Estate's Commercial Division.
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