Friedland Realty Advisors will end its 40-year presence in Yonkers this spring when it moves its headquarters to 440 Mamaroneck Ave. in Harrison.
- Ayall Schanzer
Ayall Schanzer, the CEO who has led the commercial brokerage in its rebranding, technology upgrade and business services expansion since joining the Friedland company a year ago, said the move to the RPW Group building will double the company”™s office space to about 8,000 square feet. The brokerage expects to move from its office at 656 Central Park Ave. in late March or early April, he said.
Repositioning for growth, the company, said Schanzer, anticipates hiring more brokers ”“ it currently numbers about 25- as it develops new business lines, including property management and capital markets, and extends its geographical reach in Westchester County.
“We”™ve outgrown the space we”™re in now,” he said. The Harrison office building, a 223,000-square-foot property owned and operated by developer Robert P. Weisz, offered a more central location in the county and an amenities-rich office environment for Friedland staff, he said.
“Where are we going to put our headquarters? That was the big decision,” Schanzer said. Â The company also considered Stamford and Greenwich in Fairfield County, Conn., Manhattan, where Friedland maintains a small office, and the Bronx, which has been the predominant market for sales and lease deals by its industrial, retail and office divisions. Schanzer said the brokerage might eventually open satellite offices in the metropolitan area.
“Westchester positions us to be a dominant regional player with close proximity to our target customers and desirable inventory,” he said in a press release from the office of Westchester County Executive Robert P. Astorino.
The company in its application for financial assistance from the Westchester County Industrial Development Agency said it expects in the next year to add four executive positions to its current full-time staff of seven employees.
County IDA directors at their February meeting approved $102,000 in sales and use tax exemptions for renovations and equipment purchases at Friedland’s new Harrison headquarters.
Nice to see them get out of that Yonkers office. There was no space and they were on top of each other.