News: Brokerage

Royal Properties brokers 22,000 s/f for new Aldi Supermarket in Nanuet

Nanuet, NY According to Royal Properties, Inc., Aldi signed a long term lease for 22,000 s/f at Rockland Center, 43 East Rte. 59. Aldi will be taking a portion of the former Pathmark Supermarket and renovating it into a new Aldi Supermarket.

David Landes and Jeanine Kemm of Royal represented the landlord, American Continental Properties (ACP) and Tim McNamara of Sullivan Hayes Cos. represented Aldi.

“Aldi will fill a void in the trade area due to the closing of the Pathmark Supermarket. Aldi was drawn to this location because of its traffic counts of over 32,000 cars per day and the strong retail co-tenancy at the this shopping center,” said David Landes, principal at Royal.  

Rockland Center is a 265,000 s/f shopping center, which underwent a transformation in 2017.  Aldi will join newly signed TJ Maxx, Sierra Trading Post, Kirkland’s Home Décor along with other co-tenants such as HomeGoods, PetSmart, AC Moore, Party City, Big Lots, AutoZone, Lumber Liquidators, McDonald’s, Chili’s, Five Guys and a varied combination of local and regional retailers.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary