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David D. MacDowell, Vice President


David MacDowell is Vice President of Sitar Realty Company. Mr. MacDowell joined the Company in 2003, bringing over 40 years of experience in the corporate real estate industry. In his role as Vice President, David draws on his extensive industry knowledge to help clients make bottom-line enhancing decisions in the key areas of space acquisition, renewal and distribution.

Prior to joining Sitar Company, David began his career with Arthur Rubloff & Co. in Chicago and later spent 20 years with Cross & Brown Company of NYC, a Metropolitan Life Insurance Co. real estate affiliate, where he attained the position of Executive Vice President.

His transactions include 128,000 square feet office leases for IBM in New Jersey and Pennsylvania; the sale of the former Keuffel and Esser 167,000 square foot headquarters building in Morris Township, N.J. to an investment group; the sale of Beecham’s 445,000 square foot warehouse on 30 acres to Hartz Mountain Industries in Cranford, N.J.; and the sale of Andrew Jergens Company’s 161,500 square foot manufacturing plant in Belleville, N.J. to Hoffman-LaRoche, Inc., 100,000 square feet to Peat Marwick, and 100,000 square feet to Unisys in Chicago. Additionally, David has provided real estate consulting services for CSX Transportation and Key Foods Cooperative, among many others. He has also been Rental Manager for several NYC landmark office buildings including Springs Mills Industries, 104 West 40th; Stone & Webster Engineering, 90 Broad Street; and Western Union Building, 60 Hudson Street. Dave arranged the purchase of 440 MacArthur Boulevard, Washington, DC for American Society of Travel Agents (ASTA).

David is a licensed real estate broker in New Jersey and New York State, as well as a licensed real estate salesperson in Ohio. He is a member of the Real Estate Board of New York, Inc., former Secretary/Treasurer of the Industrial and Office Real Estate Brokers’ Association of the N.Y. Metropolitan Area, Inc. and a lifetime member of the Navy League of the United States (NLUS). He currently serves as the Treasurer of the Morris County New Jersey Employers’ Legislative Committee of the New Jersey Business & Industry Association where he formerly served as Chairman. David holds a Bachelor of Arts degree in Economics from Rutgers University. He is a Navy veteran.

David can be reached at 732.283.9000 x 2148 or emailed at macdowell@sitarcompany.com

    Partial Client List:

  • PBN Associates
  • International Food Source, L.L.C.
  • Onyx Equities, L.L.C.
  • Tri Farms, L.L.C.
  • B & B Associates

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