The locally based-based firm has spent more than $510 million in the past two years to acquire an office portfolio of approximately 2.4 million sf, located mostly in the New York metro area. Lawlor, who terms the current commercial investment-sales market as "insanely competitive," says his firm hopes to spend between $300 million to $500 million in new office acquisitions next year. The company is currently focusing on adding office product to its portfolio in Boston; New York; Philadelphia; Washington, DC and Chicago. He says the company is looking for office product priced in the $50-million-and-higher range. "The bigger, the better," Lawlor says. One of Broadway Partners' chief goals in 2003 is to enter the Manhattan office market, he adds.

Lawlor notes that Broadway Partners currently has a contract to acquire an office property on Long Island, although he would not divulge the property it intends to acquire. The executive says that Goldman Sachs will finance the deal, which is expected to close next month. The firm's current--and sole--holding on Long Island is 1979 Marcus Ave., in Lake Success, a 348,000-sf complex.

Some of the company's other notable holdings include: 400 Atlantic St., a 499,198-sf office building in downtown Stamford; Pickwick Plaza, a 238,000-sf office complex in Greenwich; Saxon Woods Corporate Center in Harrison, NY, a 234,000-sf complex; and Sheffield Office Park in Troy, MI, a 517,000-sf property. The firm also owns 200 Central Park Ave., a 45,200-sf office building in Hartsdale, NY.