J.W. Mays engages Newmark to market Brooklyn property for potential sale

MAYS J W INC

Engaged Newmark Group to actively market 25 Elm Place, Brooklyn, NY for sale to unaffiliated third parties.
Marketing efforts are in early stages; no assurance that a sale will occur or on timing.
Company will continue to lease and operate the property and plans to review existing leases.
May offer lease modifications or terminations and relocation to 9 Bond Street property.
Sale decision requires Board approval; proceeds would address liquidity needs.

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