Alexander's Inc V.ALX

Primary Symbol: ALX

Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.

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Alexander's Inc > wildwood, share your wisdom

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Comment by righand2on Nov 18, 2016 4:36pm

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Post# 25483091

RE:RE:RE:RE:wildwood, share your wisdom

07wildwood wrote: Perhaps an increase in the size of the offering. If I recall Spartan had done that once before. They could use the funds to decrease the size of their debt. Would not be a bad idea.

From what I heard, the underwriters weren't taking up the over-allotment option, let alone increasing the size of the offering. That seems strange to me, as the original offering was over-subscribed. I guess if the share price jumps 20%, they might reconsider.

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