Hesse of Aries, Deitch & Endelson negotiates three HomeGoods leases

According to Aries, Deitch & Endelson (AD&E), Bill Hesse has recently negotiated three HomeGoods store leases in Nanuet, Harriman and White Plains/Greenburgh on behalf of The TJX Companies, Inc. The stores have a combined total of 75,479 s/f as well as a combined aggregate rent over the base term in excess of $13 million. Hesse, president of AD&E said, "The lease signings represent a long standing 16-year relationship with TJ Maxx dating back to August 1992 when we negotiated the first TJX store in Westchester at the Triangle Shopping Center in Yorktown Heights. It has been an extremely gratifying experience to be able to work with TJX's highly professional real estate team and be part of the retailer's ongoing expansion throughout the lower Hudson Valley over the years," he said. Each of the three Hudson Valley leases represents approximately 25,000 s/f of store space. The Nanuet store will be opening at the Rockland Center Shopping Center on Rte. 59 and will be one of the first HomeGoods stores in Rockland County. The property is owned by American Continental Properties. Jeff Lagowitz and Ira Kerner from Metro Commercial in Ft. Lee, N.J. represented the landlord. The Harriman HomeGoods lease is located in Harriman Commons on Rtes. 6 and 17 in Orange County. Thomas Mirandi, vice president of real estate for RD Management represented the landlord. The third store is located at the Crossroads Shopping Center on Rte. 119 in the Greenburgh section of White Plains. The center is owned by Heyman Properties and Acadia Realty Trust. AD&E was the sole broker on the transaction. HomeGoods as part of TJX, is their exclusive home furnishings department store division offering home décor products related to furniture, linens, lighting, accessories, gourmet food products, bed & bath and more. The largest international market for off-price department store chain founded in the US it is strategically positioned its expansion into the Hudson Valley region. Aries Deitch & Endelson, Inc. specializes in retail leasing, management, and development for leading chain stores and shopping center owners in New York, Connecticut, and New Jersey. The principals of AD&E, which include Bill Hesse, Barry Endelson, Executive Vice President and Martin Deitch, Senior Vice President, have been involved in more than 50 shopping center projects in the tri-state area over the last 35 years, and have assisted in planning, building and leasing some of the most successful shopping centers in the Westchester, Putnam and Dutchess Counties, as well as many Connecticut and New Jersey regions since the 1970's.