ROYAL PROPERTIES BROKERS THE SALE OF RETAIL BUILDING IN MOUNT VERNON, NY
(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.