ROYAL PROPERTIES BROKERS ANOTHER DEAL AT LAKE PLAZA IN MAHOPAC, NEW YORK

Royal Properties, Inc. is proud to announce the signing of a lease in Lake Plaza Shopping Center located at 981 Route 6 in Mahopac, NY. 

Pet Valu, Inc. signed a ten-year lease with two five year options for 3,785 square feet.  Pet Valu is a specialty retailer of premium pet food, treats, toys and accessories. Their pet-friendly stores offer over 7,000 products including holistic and premium brands of pet foods and treats as well as a wide selection of essential and innovative pet supplies to suit every budget. They opened their 300th store in December 2016 and anticipate opening their Lake Plaza location in the Fall of 2017.  Scott Meshil of Royal Properties, Inc. represented the landlord and RHYS represented the tenant in this transaction.

Lake Plaza is a 170,000 square foot shopping center redevelopment currently anchored by the existing Kmart and the newly signed Stop & Shop.  Other co-tenants include Pet Value (Opening Fall 2017), Key Bank, EnerShe Fitness, Concept Nail, Liquor Store and Paolo’s Pizzeria.  This center provides excellent visibility along Route 6 with traffic counts averaging 17,750 cars per day, parking for 716 vehicles, and a traffic light directly at the entrance. Neighboring retailers include ACME, Tops Supermarket, ShopRite, Dunkin’ Donuts, The UPS Store, AutoZone, Wallauer’s, Freight Liquidators, Rite Aid, Advanced Auto, Valvoline, Mavis Discount Tire, TD Bank and many more.  Lake Plaza currently has 1,408 – 15,154 square feet of retail space available for lease.

“We appreciate the opportunity to exclusively represent this shopping center located along Putnam County’s primary shopping corridor.  Royal Properties plans to commence an aggressive leasing campaign to attract additional quality retailers to join Stop & Shop and Pet Valu at this exciting redevelopment.” states Scott Meshil, who represents this property on behalf of Royal Properties, Inc.

For additional information on this site, please contact Scott Meshil at Scott@RoyalPropertiesInc.com or 914-237-3400, Ext. 106.

Royal Properties, Inc., is a retail brokerage and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut.  To learn more about Royal Properties, Inc., please call 914-237-3400 or visit our website at www.RoyalPropertiesInc.com.