North River Company

People:

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North River Company NYC portfolio

$67.5 million -office 51%, industrial 48%; Queens 100%*

1880th largest portfolio by dollar value

262,156 sqft – office 53%, industrial 46%; Queens 100%

1305th largest by SF

2 properties – Queens 100%

3697th largest

Company Activity past 24 months:

Buyer company: 1 for $34.5 million

Top Ten Associated Companies:

Fortress Investment Group (1), United Bank (1)

Top Ten Associated People:

Timothy J. McMachen (1)

Recent activity as company:

Alexandria Real Estate Equities sold 48-30 30 Place for $34.5 million to North River Company on December 19, 2025.

North River Company borrowed $24.8 million from United Bank for 48-29 33 Street on December 22, 2021.

Fortress Investment Group on July 30, 2020 bought a loan with an original principal of $40.4 million from Granite Point Mortgage Trust, secured by 48-85 35 Street, when owned by North River Company.

Properties:

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