Meshil of Royal Properties represents tenant and landlord in 5,617 s/f lease

Alto Music signed a five year lease with two five-year options for 5,617 s/f. Alto Music operates five music stores throughout New York including this store which was relocated from Monsey after 42 years at its previous location. Scott Meshil of Royal Properties represented both the tenant and the landlord. They have the biggest selection and great pricing on guitars, pro audio, percussion, keyboards, live sound, DJ equipment and band & orchestra instruments. Alto Music was voted the best music store in the United States by Music & Sound Retailer, the magazine for musical instrument and sound project merchandisers. According to Royal Properties, Inc., Craig Benson has successfully represented Chase Bank on the disposition of former branches in Tappan, Nyack, and Pearl River, N.Y. In Tappan, Washington Dental Associates has purchased the former Chase Bank branch at 140 Oak Tree Rd., at the highly visible corner of Rte. 303. This two-story, 4,000 s/f building generated tremendous interest from users and investors alike. Washington Dental has one other location in Bergenfield, N.J. In Nyack, Royal Properties negotiated for Chase Bank to terminate their existing long-term lease at 102 Main St., while simultaneously working with the landlord to negotiate a new lease with The Nyack Pourhouse Bar & Grill, that will be opening this summer. This prominent 3,300 s/f storefront plus basement is located in the heart of downtown Nyack, across from the Riverspace Arts Center. For Pearl River, Royal Properties Inc. similarly negotiated a lease termination/buyout on a vacated 3,600 s/f branch, which had five years remaining on their lease at 15 E. Central Ave. Craig Benson of Royal Properties was retained by Chase Bank and was the sole broker in these transactions. Royal Properties, Inc. is a retail developer, broker, property management and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut.