NBS Real Estate Capital has purchased the Mayhew Tech Center, a two-building flex-
Two Firms Break Ground on
A.P.T. Parking Technologies and Westfalia Technologies recently have broken ground for New York City’s largest automated parking garage project. The 270-car facility will be part of a new nine-story, 226,000 sq. ft. office building being developed by Baruch Singer in Brooklyn, N.Y. Automated parking garages allow a developer to use less space for parking, according to Lee Lazarus, president of New York-based A.P.T. Parking Technologies. The site’s high water table prevented the builder from excavating down far enough to build a conventional parking garage. The reduced excavation needed for the automated parking system saved the developer money and allowed more parking spaces in an area half the size of a traditional parking garage.