Profile: Alexander's Inc (ALX)
29 Mar 2017
Alexander's, Inc., incorporated on May 16, 1955, is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. The Company is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing. As of December 31, 2016, the Company's 731 Lexington Avenue was a 1,311,000-square foot multi-use building, consisting of block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan. As of December 31, 2016, The Home Depot (83,000 square feet), The Container Store (34,000 square feet) and Hennes & Mauritz (27,000 square feet) were the principal retail tenants. As of December 31, 2016, the Company's Rego Park I was a 343,000-square foot shopping center, located on Queens Boulevard and 63rd Road in Queens. As of December 31, 2016, the center was anchored by a 195,000-square foot Sears department store, a 50,000-square foot Burlington Coat Factory, a 46,000-square foot Bed Bath & Beyond and a 36,000-square foot Marshalls.
As of December 31, 2016, the Company's Rego Park II was a 609,000-square foot shopping center, adjacent to the Rego Park I shopping center in Queens. As of December 31, 2016, the center is anchored by a 145,000-square foot Costco, a 135,000-square foot Century 21 and a 133,000-square foot Kohl's. As of December 31, 2016, the center contained a parking deck (1,326 spaces) that provided for paid parking. As of December 31, 2016, its 47,000 square feet is leased to Toys R Us/Babies R Us. As of December 31, 2016, the Company's The Alexander apartment tower was located above its Rego Park II shopping center and contained 312 units aggregating 255,000 square feet. As of December 31, 2016, the Company's Paramus was located at the intersection of Routes 4 and 17 in Paramus, New Jersey, and consisted of 30.3 acres of land that was leased to IKEA Property, Inc. As of December 31, 2016, the Company's Flushing was a 167,000-square foot building, located at Roosevelt Avenue and Main Street in Queens, which was sub-leased to New World Mall LLC for the remainder of its ground lease term.
210 Route 4 East
PARAMUS NJ 07652