News: Brokerage

Meshil of Royal Props. negotiates 2,500 s/f lease to Taco Bell in Vails Gate

Scott Meshil,
Royal Properties, Inc.

Vails Gate, NY According to Royal Properties, Inc., Taco Bell signed a 10-year lease for 2,500 s/f in Big V Town Centre at 374 Windsor Hwy. (Rte. 32).

“Taco Bell is a perfect addition to Big V’s already strong tenant mix. With Taco Bell and newly signed Planet Fitness now on board, we look forward to bringing in more great retailers to this center,” said Scott Meshil of Royal Properties, who was the sole broker.

Big V Town Centre is a 241,720 s/f prime shopping center located on the high-volume retail corridor of Rte. 32 in Orange County, NY.  This center is near the 5-corners intersection and provides 1,045 parking spaces.  Taco Bell will join a newly signed Planet Fitness and other retailers including ShopRite, AT&T, Goodwill, Mattress Firm, Burger King, Miracle Ear, and Mavis Discount Tire. Neighboring retailers include Price Chopper, Hannaford, Dollar Tree, Walgreens, Verizon, Starbucks, Pet Supplies Plus, Rite Aid, and AutoZone. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.