Short answer
ALEXANDERS INC (ALX) filed an 8-K current report with the SEC on March 9, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure). ALX selling Rego Park I shopping center in Queens to Northwell Health for $235.5M cash, expected net proceeds of $202M.
ALEXANDERS INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- ALX selling Rego Park I shopping center in Queens to Northwell Health for $235.5M cash, expected net proceeds of $202M
- Asset: 338,000 sq ft vacant 3-story structure (built 1959) plus 1,236-space parking garage on 5.9 acres
- Buyer is Northwell Health, a major NYC-area hospital system: likely redevelopment for healthcare/medical use
- Close expected Q3 2026; proceeds represent significant liquidity event for a company with limited assets
- At ~$696/sq ft on GLA, sale price reflects Queens land value over the aging vacant structure itself
Item 7.01 · Regulation FD Disclosure
- ALX issued a press release (Exhibit 99.1) announcing entry into a material agreement: details of deal terms and counterparty contained in that exhibit
- Exhibit 99.1 filed under Reg FD disclosure, meaning management determined this agreement required broad simultaneous public disclosure
- Exhibit explicitly "not filed" for Exchange Act Section 18 liability purposes: standard legal shield limiting company's exposure on press release statements
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other ALEXANDERS INC 8-K filings
Get the next ALX 8-K as it lands
Follow ALX for push alerts, or ask the research agent what this filing means.