News: Brokerage

Royal Properties broker four leases in Westchester totaling 4,090 s/f

Scott Meshil,
Royal Properties Inc.

 

Craig Benson,
Royal Properties Inc.

 

David Landes,
Royal Properties Inc.

 

Newburgh, NY According to Royal Properties Inc., the firm has completed four leases totaling 4,090 s/f:

Shrub Oak Plaza,
1410 East Main Street - Shrub Oak, NY

• Wise Guys Barber Shop signed a three-year lease with a three-year option for 910 s/f in Shrub Oak Plaza at 1410 East Main St. in Shrub Oak.  Wise Guys Barber Shop took the space next to JV Bagel and joined other co-tenants such as A Tavola Ristorante & Pizzeria, Meme’s Teats Bakery, Oak Nails and United Marital Arts Centers. Scott Meshil and Craig Benson of Royal represented the tenant and landlord.

• uBreakiFix has signed a long-term lease for 700 s/f at 64 Mamaroneck Ave. in White Plains. Benson and David Landes of Royal represented the retailer. 

• The Banh Mi Shop has signed a 10-year lease for 700 s/f at 148B Mamaroneck Ave. in White Plains. The Banh Mi Shop provides authentic Vietnamese food and healthy cooking at a reasonable price. Benson represented the retailer.

• Domino’s signed a 10-year lease with 4-5 year options for 1,780 s/f in Shop Rite Plaza at 88 North Plank Rd. Domino’s took over the former freestanding Bank of America in the 55,000 s/f Shop Rite anchored center. 

Shop Rite Plaza, 88 North Plank Road - Newburgh, NY

 

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
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.
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,