NAI Friedland retail division close five deals including $1.76 million sale; Stassa of NAI secures 11,000 s/f between M & M and Fiesta

According to NAI Friedland, its retail division closed five transactions recently. The combined deals represent 30,651 s/f: * Ten-year lease of 11,000 s/f at 50 Belmont Ave. Executive vice president Rick Stassa brokered the deal between M & M Realty Corp., landlord, and Fiesta Adult Day Care LLC, tenant. Stassa represented both the landlord and the tenant in the transaction. * Sale of 9,500 s/f at 2382 Creston Ave., Bronx. Friedland Realty represented the landlord in the transaction between Pioneer Parking, landlord, and Creston Avenue Housing, tenant. The sale price was $1.76 million. * 15-year lease of 7,111 s/f at 2511 Westchester Ave., Bronx. Friedland Realty represented the landlord in the transaction between Abeken Apartments, landlord, and Dormitory Authority, tenant. * Five-year lease of 3,040 s/f at 1405 5th Ave. Retail executive vice president Steve Lorenzo brokered the deal between Yuco Management, landlord, and Rent-A-Center, tenant. Lorenzo and John Rivera represented both the landlord and the tenant in the transaction. * Ten-year lease of 1,400 s/f at 3555 Johnson Ave., Bronx. Executive vice president Robin Herko and retail specialist David Scotto brokered the deal between Friedland Properties, landlord, and Menchies Frozen Yogurt, tenant. Herko and Scotto represented the landlord and the tenant. NAI Friedland, founded in 1970, is a full service commercial real estate firm covering the entire metropolitan New York area, with a majority of its business in Westchester County and the Bronx, but additionally in Putnam and Rockland Counties, New York City, Connecticut, and New Jersey. Headquartered in Yonkers, New York, Friedland also maintains a satellite office in Manhattan. Friedland sales staff members strive to provide guidance and information that enables clients to make the best lease or purchase decisions. Brokers in Friedland's four divisions -- Retail, Industrial, Office, and Investment Sales - understand their markets and are supported by a sophisticated computer database of available properties and potential tenants. Friedland is a member of NAI, the largest managed network of commercial real estate firms in the world.