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In Albany, Mercer names Gronich exclusive agent.

In Albany, Mercer names Gronich exclusive agent

The Mercer Companies Inc., the Albany-based developer that is currently developing the largest project of its type in the Capital District region, announced that it has retained the New York City-based firm of Gronich & Company, Inc. to serve as metropolitan region leasing agent for the 1.4 million square-foot project.

The $250 million development, known as Liberty Park, will include three 17-story buildings, one 30-story tower, a 100-room hotel addition, a park and parking for approximately 1,350 cars. The 6.6-acre project site is located on the Hudson River waterfront, near both the government center and financial district in Downtown Albany.

Gronich & Company, chaired by Dam Gronich, is a diversified development and brokerage firm with expertise in strategic planning, property acquisition and disposition, and public financial incentives. The firm has extensive experience in office and retail projects, including One Battery Park Plaza, the F.A.O. Schwarz flagship store at 5th Avenue and 59th Avenue and 59th Street, and Park Avenue Tower, which serves as United States headquarters for Dai-Ichi Mutual Insurance Company. Most recently, Gronich & Company Concluded negotiations on an agreement that will lead to the creation of a Russian trade and cultural center in New York City's World Trade Center - the first facility of its type to be opened in the United States.

Gronich's lead representative for this project is James P. Stuckey, who formerly served as president of the New York City Public Development Corporation, New York City's lead entity for commercial, industrial and waterfront development.
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Title Annotation:Mercer Companies, Gronich & Co.
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Jan 22, 1992
Previous Article:Corporate exec turns consultant.
Next Article:ComEx to present new plan.

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