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Peter L. Aries.

Peter L. Aries

Henry K. Neidich, chairman of Henry K. Neidich & Co., Inc., shopping center specialists headquartered in White Plains, New York, has announced the appointment of Peter L. Aries (photo), of the office of president. Aries has long been active in the shopping center field.

Prior to joining Neidich & Company, Aries was the president of Aries Realty Ltd., a shopping center management, leasing, development and redevelopment company, and has been involved in over 35 shopping centers in the northeast region of the United States. He has also owned and managed various office buildings and apartment buildings in Westchester County.

Aries was educated at Riverdale County School, Hobart College and New York University Graduate School of Business Administration. He has lectured at the New York University Management Institute and has authored many articles on the development and management and leasing of shopping centers. He is the founder and past president of the Builders Owners and Management Association of Westchester County (BOMA), founder of the East Yonkers Lions Club and is a member of the International Council of Shopping Centers, FIABCI, Young Men and Womens Real Estate Association of New York and the Dunwoodie Lodge #863F and AM.

Shortly after World War II, Aries' late father, Ernest J. Aries and Mr. Neidich formed the real estate company, then known as Aries Neidich Associates. In 1962, Peter Aries joined Aries Neidich and later formed Aries Realty Ltd. In his new capacity with the Neidich Company, he will also be in charge of management and the redevelopment of workout situations concerned with distressed real estate and shopping centers in the portfolios of insurance companies, banks and lending institutions.

The Neidich Company has redeveloped similar situations, the 600,000 square foot Dutchess Mall in Fishkill, New York for Lincoln First National Bank; Nanuet Mall South in Nanuet, New York for the Bank of New York and Patriot Square Shopping Center in Stony Point, New York for private ownership.
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Title Annotation:Who's News
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Jan 29, 1992
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