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(Summer 2007)
The Royal Properties, Inc. leasing team of David Landes and Jeff
Kintzer, is pleased to announce the sale of 138- 140 Gramatan Avenue,
Mount Vernon, NY. This commercial taxpayer was sold due to an aggressive
marketing campaign to sell the property in a timely manner.
Located in a prime commercial shopping
area of Mount Vernon near the train station, this property consists
of three retail stores. Royal Properties recently brokered a long
term lease with Edible Arrangements for the last vacant store bringing
the property to 100% occupancy before the sale.
David Landes, Principal of Royal Properties
states “We were asked to market this retail property to various
brokers and investors and close on this property in a short time
period, which we were able to accomplish”.
Mount Vernon is currently undergoing an
economic resurgence due to its high population and location in lower
Westchester County.
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 914-237-3403
or visit our website at www.royalpropertiesinc.com.
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