Water Mill, NY RD Management LLC, a privately held real estate development and management organization, along with Ripco Real Estate had arranged a lease for Provisions Natural Foods Market & Cafe at The Mill.
Provisions will occupy a 7,168 s/f building at the 29,314 s/f shopping center and is expected to open this summer. It is the latest addition to the shopping center’s health and wellness tenant-mix, also including Soul Cycle, Bistro Ete, and Pilates, hydrotherapy, and cryotherapy retailers.
The Mill is located at 760 Montauk Hwy. in a hamlet of Southampton, at the intersection of Montauk Hwy. (Rte. 27A) and Station Rd. Situated on Long Island’s East End it will be a convenient stop for locals and Hamptons’ travelers.
The landlord was represented by Darren Sasso of RD Management. The tenant did not have representation.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.