News: Brokerage

Meshil of Royal Properties secures 3,785 s/f long-term lease for PulseMD Urgent Care

Mahopac, NY According to Royal Properties, Inc., PulseMD Urgent Care signed a long-term lease for 3,785 s/f at Lake Plaza, 981 Route 6.

“PulseMD Urgent Care is a great addition to the property, exemplifying the continued improvement to the tenant mix. This brings another quality tenant that will further strengthen Lake Plaza, as the premier shopping center in Mahopac,” said Scott Meshil of Royal Properties, Inc, who was the sole broker for this transaction.

Lake Plaza is a 167,739 s/f redeveloped shopping center anchored by Stop & Shop and Ocean State Job Lot. Other co-tenants include Dollar Tree (coming soon), Key Bank, NAPA (coming soon), Concept Nail, Millstone Wine & Spirits, Milk2 Ice Cream, Steakhouse & Asian Fusion Restaurant, D’Berto Pizza and more. This center provides visibility along Route 6 with traffic counts averaging 17,750 cars per day, parking for 716 vehicles, and signaled access at the entrance. Neighboring retailers include ACME, Tops Supermarket, ShopRite, CVS, Dunkin’, Domino’s, The UPS Store, AutoZone, Wallauer’s, Freight Liquidators, Rite Aid, and many more. Royal Properties is the exclusive broker for Lake Plaza.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their