$29M Deal Is Biggest Industrial Real Estate Sale Ever In Westchester

MAMARONECK, NY — A record-breaking $29 million real estate deal in Mamaroneck has been announced by Christie's International Real Estate Group.

The property, located along Fenimore Road and Railroad Way, closed at $29 million, making it the highest industrial sale ever in Westchester County.

The complex encompasses 185,544 square feet of building space on 7.26 acres.

The industrial complex's close proximity to major transportation routes, including I-95 and the Hutchinson River Parkway, helped seal the deal, according to the brokers.

Christie's International didn't release the buyer's identity, but there were some clues in a statement about the record real estate transaction. "The prime location enhances its appeal for logistics, distribution, and last-mile delivery — sectors experiencing significant growth," the group said.

"In today’s challenging market, we’ve proven our ability to uncover high-value, off-market opportunities and match them with qualified, motivated buyers," Director of Christie’s International Real Estate’s Commercial Division Bryan Lanza said. "Our team’s discreet handling of transactions ensures our clients can trust us to manage both complex deals and portfolios with confidence and precision, allowing us to consistently unlock value for our clients."

Lanza said the record-breaking transaction reflects the strength and ongoing opportunities within the industrial real estate sector, particularly in locations like Westchester County. The group said these sorts of properties are well-positioned for long-term value appreciation and strong rental yields.

"My goal for this Division has always been to foster a team-centric approach on every transaction," Lanza added. "This deal is a prime example of that collaborative spirit, and I want to extend special recognition to Darren Lee and Ian Heyman, whose expertise and dedication were instrumental in securing this $29+ million transaction."

Christie’s International Real Estate’s Commercial Division represented both the buyer and seller in the historic deal.