Larry Feldman, age 50, was the Chairman and CEO of Tower Realty Trust, Inc. In May of 1999, Tower Realty Trust, Inc. was sold for approximately $700 Million in cash, stock and debt to an entity controlled by Reckson Associates Realty Corp. ("NYSE: RA"). Reckson is also a publicly traded REIT listed on the New York Stock Exchange. Although Tower has been fully absorbed by Reckson, Larry and his father, Ed Feldman have resumed operations under their old banner as Feldman Equities, Inc..
In late 2001, Feldman Equities executed a contract to acquire Foothills Mall, an enclosed regional mall located in Tucson, Arizona. Foothills Mall is undergoing a highly successful expansion, renovation and lease-up program. Last year, Feldman Equities acquired the Harrisburg East Mall in Harrisburg, PA, while simultaneously arranging two new anchor leases and a the renewals of a third tenant totaling nearly 600,000 square feet. The Harrisburg transaction has rescued and re-shaped the troubled mall into a class A regional mall.
Feldman Equities presently owns and manages office and retail property in excess of 2 million square feet, and Feldman owns land for future development.
Larry Feldman is also the Founder and Chairman Emeritus of the Midtown West Association of New York and he is a member of ICSC and NAREIT. Larry is also currently the Chairman of the Buildings & Grounds Committee and a member of the Board of trustees of East Woods School on Long Island.
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