BENSON OF ROYAL PROPERTIES REPRESENTS CHASE BANK ON THREE DISPOSITIONS IN ROCKLAND COUNTY, NEW YORK
(Spring 2010)

Royal Properties, Inc. is pleased to announce that Craig Benson has successfully represented Chase Bank on the disposition of former branches in Tappan, Nyack, and Pearl River, NY.

In Tappan, Washington Dental Associates has purchased the former Chase Bank branch at 140 Oak Tree Road, at the highly visible corner of Route 303.   This 2-story, 4,000 s.f. building generated tremendous interest from users and investors alike.  Washington Dental has one other location in Bergenfield, NJ.

In Nyack, Royal Properties negotiated for Chase Bank to terminate their existing long-term lease at 102 Main Street, while simultaneously working with the landlord to negotiate a new lease with The Nyack Pourhouse Bar & Grill, that will be opening this summer.  This prominent 3,300 s.f. storefront plus basement is located in the heart of downtown Nyack, across from the Riverspace Arts Center. 

For Pearl River, Royal Properties Inc. similarly negotiated a lease termination/buyout on a vacated 3,600 s.f. branch, which had 5 years remaining on their lease at 15 E. Central Avenue.

Craig Benson of Royal Properties was retained by Chase Bank and was the sole broker in these transactions.

Royal Properties, Inc. is a retail developer, broker, property management and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut. To learn more about Royal Properties, Inc. please call 914-237-3403 or visit our website at www.royalpropertiesinc.com.