Ivy Equities.Ivy Equities, one of the fastest growing private real estate management and investment companies in the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. , has acquired three office buildings from the Iowa-based Principal Financial Group totaling more than 300,000 square feet, and boosting it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have Westchester presence to more than 500,000 square feet. The deal is estimated to be worth $33.5 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry experts. The purchase puts the four-year-old Ivy Equities among the top landlords in Westchester, which includes Mack-Cali Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp., W&M Properties, Reckson Associates Realty and East Ridge East Ridge, town (1990 pop. 21,101), Hamilton co., SE Tenn., a suburb of Chattanooga, near the Ga. border; inc. 1921. It is chiefly residential. Properties. The three latest acquisitions in Westchester - 2975 Westchester Avenue in Purchase, NY; 244 Westchester Avenue in Harrison, NY; and 411 Theodore Fremd Avenue in Rye, NY - mark the third major acquisition in the region for Ivy, which first established itself in the region in 1997 with purchases of 215,000 square feet. "We see this as a solid investment in an area ideally suited for office space needs," said Anthony DiTommaso, president of Ivy Equities. "The region possesses an affluent population, a great commuter transportation system and highway infrastructure, as well as 30 minute access to Manhattan and major airports. I'm sure we will see the continued success we have had with our other Westchester properties." |
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