News: Brokerage

Royal Properties secures seven transactions totaling 17,756 s/f

Royal Properties, Inc. has brokered the following leases totaling 17,756 s/f: Yes Beauty Supply signed a ten-year lease with two five-year options in Campbell Plaza on Dolson Ave. This 1,850 s/f location is in the Campbell Plaza with such retailers as ShopRite Supermarket, Fashion Bug, Edible Arrangements, Radio Shack, Just-A-Buck, Subway, and H&R Block. Scott Meshil of Royal Properties represented both the tenant and the landlord, Kale Realty, Inc. Royal Properties exclusively represents Campbell Plaza. Emiliani Enterprises also signed a five-year lease with a five year option for 2,718 s/f in the Wallkill Town Center at the intersection of Dunning Rd. and Schutt Rd. Meshil of Royal Properties represented both the tenant and the landlord, Goddard Development Partners. Time Nails signed a five-year lease with a five-year option for 1,400 s/f at Colonial Sq., at 327 Rte. 59, Airmont. Meshil and Jeff Kintzer, principal of Royal Properties represented both the tenant and the landlord. Royal Properties is marketing Colonial Sq., a newly built 35,650 s/f center "With a population near 100,000 within 3 miles and a traffic count over 19,000 vehicles, this center offers retailers a great opportunity within the marketplace," said Meshil. Dollar Discount City signed a three-year lease with a five-year option for 3,800 s/f at Hopewell Plaza, located at the intersection of Rte. 376 & Rte. 82 in Hopewell Junction. Meshil represented both the tenant and the landlord, Hopewell Associates, LLC. Royal Properties exclusively represents Hopewell Plaza. Hopewell Plaza recently underwent a complete renovation. AT&T signed a ten-year lease with two five-year options for a 5,000 s/f free standing building at Newburgh Towne Center, Rte. 300 in Newburgh, N.Y. Meshil and Kintzer represented the landlord, Cobell LLC. "AT&T was attracted to this location due to the enormous visibility on Rte. 300 as well as the shopping center co-tenants. We are pleased to bring a great corporate tenant to this center" said Kintzer. Tim's Wings & Things signed signed a ten-year lease with two five-year options for 1,713 s/f and Vincent's Unisex Hair Salon also signed a five-year lease with one five-year option for 1,275 s/f in the Newburgh Towne Center. Meshil and Kintzer represented both tenants and the landlord, Cobell LLC. Royal Properties exclusively represents Newburgh Towne Center. Royal Properties, Inc. is a retail brokerage, property management and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut.
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