J.W. Mays, Inc. Announces Demise of Jack Schwartz as Director
June 30, 2021 at 02:00 pm
Share
J.W. Mays, Inc. announced that Mr. Jack Schwartz died on June 27, 2021. Mr. Schwartz had been a director of J. W. Mays, Inc. since 1987 and had served as its Chairman of the Audit Committee since 1999. Mr. Schwartz also served on the Executive Committee, the Investment Advisory Committee, the Compensation Committee and the Governance and Nominating Committee of the Board of Directors. He will be deeply missed by his friends and colleagues.
J.W. Mays, Inc. operates a number of commercial real estate properties. The Company's properties include Fulton Street at Bond Street; Livingston Street; Truck bays, passage facilities and tunnel-Schermerhorn Street; Building-Livingston Street; Jowein building at Elm Place, Jamaica Avenue at 169th Street; Route 9 at Interstate Highway 84; Hempstead Turnpike; Sunrise Highway, and Tarlton Road. The 90% of the Fulton Street at Bond Street property is owned by the Company and the remaining 10% of the property is leased by the Company under five separate leases. The Jamaica Avenue at 169th Street property is leased to ten tenants, of which four are retail tenants and six occupy office space. The Jowein building at Elm Place is leased to approximately 14 tenants, of which one is a retail store, one is fast-food restaurant, two are for warehouse space and ten leases are for office space. It leased Route 9 property (47,000 square feet) to a community college at its Fishkill, New York building.