Alexanders Inc
(NYSE: ALX)
304.00
-1.00
-0.33%
-1.00
-0.33%
MORE ON ALX
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Alexander's Inc. |
| Industry: | REIT - Retail |
| Employees: | 72 |
DESCRIPTION
| Alexander's Inc. is a real estate investment trust, incorporated in Delaware. The Company is involved in leasing, managing, developing and redeveloping its properties. The Company is managed by, and its properties are leased and developed by, Vornado Realty Trust. The Company has six properties in the greater New York City metropolitan area consisting of: the 731 Lexington Avenue property, a 1,307,000 square foot multi-use building, in Manhattan. The building contains 885,000 and 174,000 of net rentable square feet of office and retail space, respectively, which the Company owns, and 248,000 square feet of residential space consisting of 105 condominium units, which it has sold; the Rego Park I shopping center contains 343,000 square feet and is located in Queens; the Rego Park II property, a newly developed 610,000 square foot shopping center, is located adjacent to its Rego Park I property in Queens; the Paramus property, located at the intersection of Routes 4 and 17 in Paramus, New Jersey, consists of 30.3 acres of land leased to IKEA Property, Inc. and the Flushing property, a 167,000 square foot building, is located at Roosevelt Avenue and Main Street in Queens and is sub-leased to a developer for the remainder of its ground lease term. The Company competes with a number of property owners and developers. Principal factors of competition are the amount of rent charged, attractiveness of location and quality and breadth of services provided. Its operations and properties are subject to various federal, state and local laws and regulations concerning the protection of the environment including air and water quality, hazardous or toxic substances and health and safety. |
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