J. W. Mays, Inc. to Divest 25 Elm Place, Brooklyn Property

J. W. Mays, Inc. is actively marketing its property at 25 Elm Place, Brooklyn, New York, for sale to unaffiliated third-party prospective buyers. The company has engaged Newmark Group, Inc. to facilitate these efforts, which are currently in their early stages and expected to continue. This strategic move is aimed at managing the company's liquidity needs, as previously disclosed. Management plans to continue operating the property and will engage existing tenants regarding potential lease modifications, terminations, or relocation options.