ARIES DEITCH & ENDELSON, INC.

Press Releases



New Retail Leases and Sales:

Recent:

2013


2012

August 8, 2011

August 4, 2011:


August 3, 2011:  Aries Deitch & Endelson. Inc. negotiated restaurant leases through out the Westchester County and the Lower Hudson Valley market market:



August 3, 2011:  16,000 sq. ft. to Harrows, 111 S. Central Ave, Hartsdale, NY.

August 3, 2011:  2,000 sq. ft. to an AT&T Authorized dealer at Brewster Town Center, Rt. 22, Brewster, NY.

August 3, 2011:  1,800 sq. ft. to Hartsdale Fabrics at Scarsdale Park Mall, 450 Central Ave, Scarsdale, NY.

August 3, 2011:  Fun Craft opened a 1,518 SF store in the Goodwives Shopping Center, Darien, CT. Fun Craft is a children's arts & craft retail and party store.  Leda Madureira of Aries, Deitch  Endelson, Inc. negotiated the lease.
 
August 3, 2011:  Chef Depot signed a lease for 6,700 SF at 65 Tarrytown Rd., White Plains, NY.  Chef Depot is a wholesale restaurant equipment company. 



August 1, 2011:   Goodwill Industries of Greater New York and Northern, NJ, Inc.  has leased 8,700 sq. ft. at 380 Saw Mill River Rd, Elmsford, NY.  It is doubling the size of its existing store to over 17,000 sq. ft.  The new store shall open late fall 2011.

Goodwill Industries has also leased a 2,000 sq. ft. free-standing building at 19 Mill Rd, Eastchester, NY for an Attended Donation Center.  It shall open fall 2011.

September 16, 2010.  Goodwill Industries opens 14,000 sq. ft. new concept store at the new Shoprite Supermarket Center, Joyce Rd, New Rochelle, NY.  We represented Goodwill Industries to negotiate this long term sublease from Shoprite Supermarkets.




September 2010:  Jack Dog Studio, Photography  Studio at 109 Greenwich Avenue, Greenwich CT open in early September. The 800 ft space  was negotiated by Laura and Bill Grad of Aries, Deitch & Endelson who  represented the owner and the tenant in a 5 year lease with one 5 year option. Jack Dig Studio specializes in studio and outdoor photography for families, children, adults of all ages and babies.



December 2009:  City Center, White Plains, NY former Filene's Basement, 75,000 sq. ft. rented to Shoprite Supermarkets.  Opening October 28, 2010.
This shall be the third major supermarket to open in downtown White Plains, NY.  Stop and Shop and Whole Foods are open near by.



Midway Shopping Center, 999 Central Park Ave, Scarsdale, NY. Lease of 47,000 sq. ft. selling plus approx 12,000 s.f. of basement storage to Shoprite Supermarkets, Inc. A luxury grocery store designed just for Scarsdale shall open mid. 2010. It shall feature specially designed fresh and prepared food departments.  Still Available: 32,000 sq. ft. with escalator and 2-elevators from Shoprite's entrance.  200 cars on grade parking in upper retail level.


Panera Bread leases were signed in White Plains, NY, Scarsdale NY, Middletown, NY, Nanuet, NY, Cortlandt Manor, NY, and Yorktown, NY.



Marshall's Shoe Stores (TJX) Pelham Manor, NY at the new Fairway anchored center. Opened September 2009. Also a lease was negotiated in Central Plaza Shopping Center, Yonkers, NY.


4 Leases for HomeGoods (TJX) in Crossroads Shopping Center, White Plains, NY, Nanuet, NY, Newburgh, NY and Harriman, NY.



AT&T Wireless opened 3,500 sq. ft.built to suit in Mt. Kisco, NY. Three more leases are being negotiated in Westchester County, NY.






Opening December 2009, Goodwill Industries of Great NY and Northern NJ.  leased 12,000 sq. ft. on Rt. 46, Rockaway NJ through referral to our New Jersey RBN affiliate Goldstein & Co. Goodwill Industries of Greater New York and Northern New Jersey, Inc. has leased 8,720 sq. ft. at 380 Saw Mill River Rd, Elmsford, NY for a retail store and donation center.  The store shares this building with Sports Time.



Key Bank leased 3,500 sq. ft. at 66 Main St, Yonkers.  A mid 2010 opening is planned.

Five Verizon Fios Television-Internet  leases were negotiated in Yonkers, Newburgh, Poughkeepsie, Spring Valley & Carmel, NY. Each store was approximately 2,500 sq. ft.

The Westchester Bank leased in 1,880 sq. ft. at 464 Mamaroneck Ave. White Plains, NY  Opened in December 2009.

Opening in Fall 2009, Baywick Plaza in Bayville, NJ leased 13,500 sq. ft. to Goodwill Industries of Southern NJ and Philadelphia.

E-Trade leased 5,500 sq. ft. at 428 Central Ave, Scarsdale, NY.  The space was formerly a leather furniture store.  A new furniture store also leased 9,000 sq. ft. mostly lower level retail that had been occupied by Workbench for 10 years.

T-Mobile leased 3,850 sq. ft. at Michael's Shopping Center, 333 N. Central Ave, Hartsdale NY and opened October 2006.

AT&T Wireless signed a lease for 1,980 sq. ft. at the White Plains Galleria Mall, Fashion Level 1. 

Wachovia Bank branch leases have been concluded in Mamaroneck and Harrision.  E-Trade for 5,000 sq. ft. Central Ave, Scarsdale. Vitaldent, an international dentistry center, signed a lease for 3,500 sq. ft. at Westchester Square Shopping Center, Hartsdale, NY. Marty Deitch ext. 113.

An AT&T Wireless lease was signed for 2.000 sq. ft., a Putnam Credit Union branch for 2,500 sq. ft,  and an Irish Bar for 1,550 sq. ft. at Brewster Towne Center, Rt, 22, Brewster NY. 

Primo's Deli, 1,100 sq. ft. and JNR Drug expansion, 1,100 sq. ft. Brewster Square, Rt. 6, Brewster, NY.

A Cingular Wireless lease was signed at the White Plains Galleria Mall for 2,000 sq. ft. The store shall open December 2006.   Barry Endelson ext. 103.

American Apparel. 47 Brattle St, Cambridge, MA 3,000 sq. ft; and SoNo, Norwalk CT 2,500 sq. ft; 3,000 sq. ft. 80 Hudson St. Hoboken, NJ.   Bill Grad extension 104.

Let's Dish 2,200 sq. ft. and Fitness Together, 2,000 sq. ft. at Scarsdale Park Mall, Central Ave, Scarsdale. New deli 1,000 sq. ft.in Mount Vernon. Victor Benel ext. 114. 

Calidad Furniture, 23,000 sq. ft. former Seaman's store at Kohl's Center, Central Ave, Yonkers, NY.  T-Mobile 3,850 sq. ft. at Michaels's Center, Central Ave, Hartsdale, NY.  Leda Madureira ext. 109.

Panera Bread: Leases in Newburgh, Fishkill, Yorktown. Panera Bread 6,000 sq. ft. and People's Bank 4,000 sq. ft. Midway Shopping center, Scarsdale, NY. Let's Dish 1,500 sq. ft. Scarsdale Park Mall. Bill Hesse, Ext. 101.

Palm Beach Tanning leased 3,000 sq. ft. at Midway Shopping Center, 999 Central Ave, Scarsdale, NY and shall open spring of 2007. Panera Bread and Dres Barn  also leased space in that building.

Westchester Chapel leased 10,000 sq. ft. 214 Central Ave, White Plains, NY. 


July 26,2006
Our Sales Department Team, Manny Berger and Julian Aronin sold a medical office building in Cortlandt, NY for $3,500,000.


July 24,2006
Our Sales Department Team, Manny Berger and Julian Aronin  sold a 36 unit apartment building in Poughkeepsie for $2,950,000.


ADE Management Corp. named managing agent for 319-333. N. Central Ave., Hartsdale, NY
After successfully leasing the former Kids R Us store to Michael's Stores Inc.  the owners have appointed us as managing agent for the property.  Other stores are  Domino's, Barber, Federal Credit Union. The former Kaybee Toys was leased to T-Mobile who opened October 2006.



MARCH 9. 2005

ARIES DEITCH & ENDELSON, INC.   ANNOUNCES  $16 MILLION SALE OF WILLIAMSBURGH BROOKLYN APARTMENTS
Julian Aronin and Manny Berger of Aries Deitch & Endelson  Inc., commercial real estate brokers in Hartsdale, Westchester County NY, announced  the February 28, 2005 closing of the sale of  a 16 apartment house package in Williamsburgh, Brooklyn.  Seller was Anthony FernicCola, Buccino LLC;  Brooklyn NY;  buyer  Flatiron Real Estate Advisors, LLC of NYC.  Sale price was $16,300,000.  AD&E represented the buyer.




ARIES DEITCH & LEASES HARTSDALE LOCATION TO MICHAELS STORES
Hartsdale NY, January 2005.   The 18,000 SQ. FT. former Kids R Us store 319 N. Central Park Ave, Hartsdale, NY was leased on a long term basis to Michael's, a national chain of Arts and Crafts stores. This location is the result of many years quest to enter the Westchester market.


ARIES DEITCH & ENDELSON SELLS LARCHMONT NY APARTMENT HOUSE
Larchmont NY, May 2004.   A 21 unit rental apartment plus retail building at 32 – 34 Vanderburgh Avenue,  corner of Chatsworth  and Vanderburgh Avenues, was sold in April by the Investment Sales Department of Aries Deitch & Endelson, Inc.  Both listing and sale were handled by Julian Aronin (194) 949-2800x115 and Manny Berger (914) 949-2800x106.
The impressive stone and stucco exterior, 4 story structure was built circa 1925.  The two retail stores at ground level are home to Harry's Burritos restaurant, of the  New York City chain of the same name. Neither buyer nor seller disclosed the sale price.



ACE BEAUTY LEASES NEW STORE AT CAROLAND SHOPPING CENTER
Caroland Shopping Center a 74,000 sq. ft. center on Rt. 211 in Middletown, NY is curently undergoing renovation.  It is anchored by a new Aldi supermarket.  Ace Beauty Supply has leased 2,520 sq. ft.  Ace is owned by Sally Beauty and sells to the trade only.  Caroland was formerly anchored ny Rickel's and has up to 50,000 sq. ft. available.  For more information contact Leda Madureira (914) 949-2800x109 leda@ade-re.com



TWO LEASES SIGNED AT BREWSTER TOWNE CENTER, RT. 22, BREWSTER, NY
May 2004. R&D Flooring leases 5,000 sq. ft. The store is open.  R&D sells high end carpet, flooring and tile.  Fairmont Funding Inc. a national mortgage company leased 1,425 sq. ft..  They shall open in July.  The center is now 100% leased.  Major anchors are Value Village, McDonalds.




DREXEL-HENREDON LEASES FORMER TODAY'S MAN STORE
January 2004.  118 Central Ave., Hartsdale, NY has been leased the 26,000 sq. ft.  Drexel Heritage furniture.  This long term lease adds another furniture store to the Hartsdale-Scarsdale Furniture Row.  Ethan Allen, Domain, Bellini, Philip Engel, Atlantic Furniture, Designs By Gil, Thomasville, Levitz, and others are nearby.  AD&E represented the landlord and is managing agent of the building.
 


GOODWILL INDUSTRIES LEASES 10,000 SQ. FT IN KINGSTON, NY
August 2003. Goodwill Industries of Greater NY and Northern NJ has opened their latest retail store and donation center at 1534 Ulster Ave. (Rt. 9W).  The store is approximately 10,000 sq. ft. and shares the property with Blockbuster.  Barry Endelson represented Goodwill.  Tom Collins of Commercial Associates Realty represented the landlord.




SOMERS COMMONS SHOPPING CENTER LEASING 99% COMPLETED
June 2003.  The 218,000 sq. ft. Somers Commons built on the site of the former Baldwin Place Mall is almost full. Major retail tenants are Super Stop & Shop, Home Goods, Futurama Furniture, Chili's, Sleepy's, Sally Beauty, Radio Shack, Sam's Carpets, and Goodwill Industries.  6,000 sq. ft. is still available as of June 23.  The center has been sold to a major public REIT.



PARTY CITY LEASES 12,000 SQ. FT. AT CENTRAL PLAZA, YONKERS, NY
MARCH 2003. Party City has long term leased 12,000 sq. ft. This store was recently renovated for Castro Furniture which is out of business. Party City shall move in May 2003 from a 7,000 sq. ft. store on Central Ave. Barry Endelson represented both the landlord and the tenant. Other tenants in the center are Barnes & Noble, Mandee, Davids Bridal, Cinemas, Uno Resturant, Duane Reade Rockbottom, & Modell's. 



PETSMART Leases former Today's Man Building in Norwalk CT.  July 2002
The 23,000 sq. ft. former Today's Man building at 525 Connecticut Ave, (US #1) was leased to Petsmart, a national pet supply retailer.  The long term lease was negotiated by Marty Deitch and William Hess as representitives of the owners.  Petsmart was represented by Tim McNamara of Sullivan Hayes Company.


Scarsdale Plaza sold for $2,850,000 July 2002.

Located on Garth Rd. in Eastchester, NY.  The property sold includes the closed cinema and gas station.  The building has been demolished for construction of a 49 unit luxury rental apartment project. The 5 existing retail stores remain.  Manny Berger and Marty Deitch represented the owners and the buyers, Garson Brothers.


Brewster Towne Centre, Brewster, NY - Former Pergament Home Center leased to three tenants.

Value Village a new concept for Value Drugs a Long Island based chain has opened a 20,000 sq. ft. store June 2002. The store shall feature a True Value Hardware franchise in addition to a discount drug store.  A first run three screen Empire Cinema owned by the Landlord, Garden Homes, opened August 2nd. Resnick's Mattress Factory, a 35 store chain shall open a 5,000 sq. ft. store in the Fall.


AD&E appointed Agent For Brewster Square

ADE Management Corp. and Aries Deitch & Endelson, Inc.  Have been appointed managing and leasing agents for this 30,000 sq. ft. retail/ professional building.  It is located on Rt 6 in Brewster, NY.  The building is 97 % leased to medical prosessionals and local retailers.




Hartsdale, NY, August 12, 2001, Aries Deitch & Endelson, the Westchester County, NY-based firm specializing in the leasing, management and sale of retail real estate, announced their representation of Marty Shoes in a sublease from The Gap stores for 4,615 square feet of space at 2215 Black Rock Turnpike (Route 58) in Fairfield, Connecticut. The New Jersey based specialty retailer was represented in the recent retail transaction by William B. Hesse of AD&E, and David Saunders of The Saunders Company negotiated on behalf of The Gap Stores. The Fairfield location strategically positions Marty Shoes between The Gap and Old Navy, in a high profile center that attracts an affluent consumer base.
"With their new Fairfield outlet," commented William B. Hesse, President of Aries Deitch & Endelson, "we have now successfully completed six lease transactions for Marty Shoes in major markets throughout suburban Fairfield and Westchester counties. Over the past few years, AD&E has worked to help Marty’s create a network of store sites that combine prime visibility with strong trade market and compelling demographics."
According to John Adams, President of Marty Shoes, the recent opening of their Fairfield outlet was very successful. "Our triumphant entry into this new market," states Adams "bears witness to Marty’s winning formula of nationally known brands, deep discounts and premier retail environments. Clearly, we have found another perfect fit, one that will enable us to build a major presence in the dynamic Connecticut market."
Founded in 1974, Marty Shoes now operates more than 100 outlets throughout Connecticut, New Jersey, and New York as well as in several Florida locations.



Hartsdale, NY, August 12, 2001, Aries Deitch & Endelson, Inc., the Westchester County, NY-based firm specializing in the leasing, management and sale of retail real estate, announced their representation of SAFAVIEH Rugs & Home in the leasing of a 12,000-square-foot retail location at The Shoppes at Eastchester, 777 White Plains Road (Route 22) in Scarsdale, New York. SAFAVIEH, a leading importer and retailer of fine rugs and high-end furniture in the Tri-State area, recently opened its first Westchester store - centrally located near Lord & Taylor on a prominent retail corridor that draws from the county’s most affluent communities.
According to William B. Hesse, President of Aries Deitch & Endelson, SAFAVIEH’s new Scarsdale address is ideal, both logistically and demographically. "Our objective was to enable SAFAVIEH to create a major presence in the Westchester market," Hesse commented, "with a strategic site that would offer prime access to its discerning customer base. The location was made even more attractive by the center’s owner, Urstadt Biddle Properties Inc., who created a signature property for SAFAVIEH, with the installation of a new facade and window wall for the front of the shopping center."
With its new Scarsdale showroom, SAFAVIEH is now represented by 12 store locations in Manhattan, New Jersey, Long Island, and Connecticut. Arash Yaraghi, Vice President and co-owner of the New Jersey-based importer/retailer, commented that the recent entry into Westchester was key in their expansion. "We saw Westchester - and Scarsdale, in particular," Yaraghi described, "as a market that SAFAVIEH absolutely needed to be in to serve our established customer base and continue to build recognition in this dynamic retail environment. The most beautiful of all our showrooms and the largest of our design centers, the new Scarsdale store brings together our 88 years of experience and expertise to create the optimum retail experience for our customers."
William B. Hesse of AD&E represented the retailer in this transaction. Willing Biddle, III and Linda Lacey of Urstadt Biddle Properties coordinated lease negotiations for the property owner, a publicly traded REIT listed on the NYSE under the symbol UBP
 

CVS to Build 12,000 sq. ft. free-standing drive through store on 3-1/2 acres Rt. 9, Ossining, NY.

Aries Deitch and Endelson representing the owner, Arcadian Gardens, has brokered a long term ground lease between the parties.  The store is scheduled to be built and opened in early 2002.  It is located adjoining the Arcadian Shopping Center where AD&E leased CVS their present store in 1993.  Barry Endelson represented the parties.  AD&E represented Arcadian Gardens in the disposition of several of their other porperties in NY and NJ including the property in North White Plains now occupied by the new Stop & Shop supermarket.


Perfect Fit for Marty's Shoes arranged by Aries Deitch & Endelson in key retail locations

Network of new stores serves the specialty retailer's expansion and builds major presence in Westchester County

Hartsdale, NY, February 21, 2001, Aries Deitch & Endelson announced their representation of Marty's Shoes in the leasing of three new store locations totaling 15,700 square feet of space in Westchester's Cortlandt, Yorktown and Mamaroneck markets.

According to William B. Hesse, President of Aries Deitch & Endelson, his firm has been working with Marty's over the last several years to create a network of stores in the county's prime retail hubs. "Given that Marty's name brand product line and sharp discount pricing appeals to virtually every consumer," Hesse commented, "our goal was to strategically position the new outlets in locations that would draw a wide customer base. The logistics of Marty's three new sites fully achieve this goal, offering prime visibility in high traffic retail centers that are well-serviced by major roadways and, thus, easily accessible to a diverse and growing population."

At the Cortlandt Town Center, the new 6,000 square-foot Marty's outlet benefits from an excellent location along Route 6 as well as its positioning in the county's largest strip center, where consistently high sales activity is generated by a cadre of quality retailers such as TJ Maxx and Wal Mart. Marty's also joins a magnetic roster of stores including TJ Maxx and A&P, with the opening of a 5,000 square-foot outlet at the Triangle Shopping Center in Yorktown, one of Northern Westchester's highest grossing centers. A new 4,700 square-foot outlet has opened at 626 E. Boston Post Road (Route One) in Mamaroneck, where Marty's will occupy the former Shoe Town site and fill the niche for family shoe stores in this area. This high profile retail location, on the main north/south route between Connecticut and New York, is a major draw to shoppers and lists Dress Barn and Applebee's among the major tenants.

The three new locations are part of the chain's planned expansion into the Westchester market and are described by Marty's president John Adams as the ideal sites for the retailer's profile and customer base. "Our new outlets in Cortlandt, Yorktown and Mamaroneck are a perfect fit for Marty's," Adams commented, "and are a key spots that offer us the ability to become a major player in this highly desirable market, with the winning combination of nationally known brands, deep discounts and relaxed retail environments. Now with a total of nine stores in the county, we look forward to continuing to build our Westchester network to serve customers and to complement our already large base of Marty's outlets in the Tri-State area". Founded in 1974, the New Jersey based chain now operates a total of 87 outlets throughout New Jersey and New York as well as in several Florida locations.

William B. Hesse of Aries Deitch & Endelson negotiated the three retail lease transactions on behalf of Marty's Shoes. Aries Deitch & Endelson, Inc. is actively involved in retail leasing, management, and tenant representation for many leading chain stores and shopping center owners throughout the Tri-state area. AD&E's investment sales division handles major transactions for developers and owners in the sale of retail sites and existing shopping centers.


Aries Deitch & Endelson Places ATG

Hartsdale, NY, November, 2000: Advanced Tel Com Group, a facilities based integrated communications provider providing local, long distance and Internet services to business and residential customers over advanced digital networks leased 5,814 square feet of office space at Reckson Metro Center - 360 Hamilton Avenue, White Plains. Linda Friedman and Edward Kulikowski of Aries Deitch & Endelson, Inc. were the sole brokers in the transaction.


Ed Kulikowski Presides At White Plains Mayor Delfino's 
Presentation At The Real Estate Board Breakfast

July 2000, White Plains, NY. Mayor Joesph Delfino (left) and Ed Kulikowski (right) President of the Commercial and Industrial Division of the Westchester County Real estate Board.


Radio Shack Leases Rockland County Store

June 2000, New City, NY. Radio Shack, Inc. has leased 2,650 sq. ft. in New City, NY. Victor Benel, Vice President, negotiated the lease with Clarkstown Mall for a period of 5 years plus options. Radio Shack is relocating from another center. Aries Deitch and Endelson, Inc. through Victor Benel is representing Radio Shack on several other transactions in the Westchester and the Lower Hudson Valley region. Victor Benel (914) 949-2800 ext. 114.


Big V Supermarkets Retains AD&E To Sublet Two N.Y. Stores

April 2000, Middletown, NY. Big V Supermarkets Inc, is building two 80,000 sq. ft. supermarkets to open in 2000. One shall be on Dunning Rd. in Walkill and the other shall be on Dolson Ave in Middletown. AD & E is seeking subtenants for the 46,500 sq. ft. supemarket at Walkill Plaza which is anchored by Bradlees and the 48,000 sq. ft. Shoprite at Campbell Plaza. Call Barry Endelson for information (914) 949-2800 ext. 103. barryend@ade-re.com


Middletown Commons Development Lease

April 2000. A 50 year ground lease for the development of an 80,000 sq. ft. Big V Shoprite Supermarket has been negotiated between the fee owner, Weisz Realty Corp. and a development company. Aries Deitch & Endelson, Inc. had been the managing agent for the lender that foreclosed this shopping center in the early 1990's. AD & E sold Middletown Commons to Weisz Realty in November 1999. Middletown Commons is located on Rt 17M, Dolson Ave., Middletown, NY.


Baby's R Us Begins Construction of Yonkers Store

April 2000. 2600 Central Park Ave., Yonkers , NY has been leased to Baby's R Us, a division of Toys R Us, in a long term lease transaction. The existing strip center of 22,000 sq. ft. was demolished and will be rebuilt for a 40,000 sq. ft. two story children's store. The property was formerly occupied by Shoetown and Fabric Bonanza. The long term lease with options was for a period of 50 years with an aggregate rent in excess of $32,000,000. Barry Endelson and Martin Deitch were the brokers who negotiated the transaction on behalf of the owners, Sharon Estates, and Baby's R Us.


Hartsdale, NY, April 10, 2000: Choice, a not for profit case management and advocacy agency has relocated to new offices at 420 North Avenue, New Rochelle, New York. Edward Kulikowski, Vice President of Aries Deitch & Endelson, Inc. represented the building's owner and was the sole broker in the transaction involving about 4,000 square feet of space.


AD&E OFFICIATES AT WESTCHESTER REAL ESTATE BOARD
BREAKFAST TOPIC "COMERCIAL REAL ESTATE INSIGHTS"

October 1999. Ed Kulikowski, Vice President, of Aries Deitch & Endelson, Inc. and President of the Westchester County Real Estate Board Commercial and Industrial Division (C.I.D.) officiates at the October 21, 1999 Breakfast Meeting discussion panel "COMERCIAL REAL ESTATE INSIGHTS" a panel discussion of Westchester's office, retail, and industrial market directions approaching 2000. Panelists pictured right are William B. Hesse, President of Aries Deitch & Endelson, Inc., Chris O'Callaghan, Co-Owner, of McCarthy O'Callaghan Co., and Robert Friedland, President, of Friedland Realty, Inc. The meeting was attended by over 35 owners and brokers. The excellent economy of Westchester was the reason for great optimism for shopping centers in the county. The lack of developable land and highly restrictive zoning, community opposition and stringent review process will limit future development. The topics included the prospects for new retailers such as KMart, Kohl's and Target entering the Westchester market. Also covered were the opportunities for future retail projects in the county. The office market still lags behind the retail market due to the consolidation and mergers of many prominent Westchester based companies in the last few years. The demand for industrial space is strong with a shortage of product expected to continue.


Aries Deitch & Endelson Represents 
Hollywood Video in Lease at Mahopac Village Centre

Nation's Second Largest Video Chain Expands Into
Northern Westchester/Putnam County, NY Market

Hartsdale, NY, November 8, 1999: Aries Deitch & Endelson, the Westchester County-based retail leasing, management and consulting firm, announced their representation of Hollywood Video in the leasing of a 5,300 square-foot store at the Mahopac Village Centre in Mahopac, NY. The Hollywood Video site on Route 6 represents the latest entry in the chain's expansion of more than 1,200 store locations in 43 states.

Hollywood Video will join a roster of national and local retailers at the 149,000 square-foot Mahopac Village Centre. According to William B. Hesse, President of Aries Deitch & Endelson, the new store location plays a key role in the retailer's expansion into the New York suburban market. "The recent lease in Mahopac," Hesse comments, "gives Hollywood Video a major presence in the suburb's burgeoning trade area, with strategic positioning in a consumer market encompassing Putnam, Northern Westchester and neighboring western Fairfield County, Connecticut." The Mahopac lease was negotiated by AD & E on behalf of the tenant and Michael Cohen of DLC Management for the Centre's ownership.

AD & E is the exclusive agent for Hollywood Video throughout New York's Westchester, Putnam, Rockland, Orange and Dutchess counties and in Fairfield County, Connecticut. In addition to the Mahopac transaction, AD &am E represented Hollywood Video in its Ossining, New York store and is presently negotiating for locations in the New York suburbs of Yonkers, Nanuet and Wappingers Falls and in Bridgeport and Stratford, Connecticut.

Among the retailer's other area outlets are locations in the Westchester communities of Peekskill and Mount Vernon as well as in Rockland County's Airmont and Vails Gate markets. Hollywood Video specializes in the rental and sales of movies and video games, with many of its locations offering a variety of titles on DVD. In 1998, the Oregon-based retailer partnered with reel.com and has developed a major presence on the Internet.

Aries Deitch & Endelson is actively involved in retail leasing, management, and tenant representation for many leading chain stores and shopping center owners throughout the Tri-state area. The firm's investment sales division handles major transactions for developers and owners in the sale of retail sites and existing shopping centers.


Kingston Shoprite Center Sale Brokered by AD & E

In one the largest retail investment property sales transactions of 1999, the Shoprite Center on Rt. 9W in Kingston, NY was sold by Aries Deitch & Endelson. Marty Deitch, Bill Hesse, Barry Endelson and Manny Berger brokers participated in the transaction. The buyer was a private investment client who owns several shopping centers in Westchester County and is a major building contractor. The sale was approximately $10,500,000. The property is ideally located between the new Home Depot and the Super K Mart stores. The owner is planing to expand the center by up to 70,000 sq. ft. of retail stores. Aries Deitch & Endelson, Inc. are acting as leasing agents for ownership.


ARIES DEITCH & ENDELSON LEASES 22,000 SQ. FT. TO THE WIZ

Working in partnership with Consolidated Affiliates of Edison, NJ, AD & E acted as broker and consultant to The Wiz. The Wiz is a subsidiary of Cablevision, Inc. and is the largest electronics retailer in the metropolitan NY market. The Wiz signed a 10 year plus options lease for 22,000 sq.ft. in Rockland Center, Rt. 59, Nanuet, NY. It shall relocate from Spring Valley. After months of study and negotiation, The Wiz concluded that Rockand Center is strategically positioned in the heart of the market with excellent visibility, demographics, and convenient access for the Wiz customers. The new store shall open in September 1999. The center is owned by American Continental Properies, Inc. and was represented by Jim Speake, V.P. Barry Endelson of Aries Deitch & Endelson and Kary Kaufman and Craig Letts of Consolidated Affiliates represented The Wiz.


KULIKOWSKI OF ARIES DEITCH & ENDELSON
BROKERS 31,000 SF OFFICE LEASE

Con Edison, in shifting 90 engineers and support staff from its Manhattan headquarters, has leased 31,000 square feet at One Park Place in Peekskill, New York.

Edward Kulikowski, Vice President of Aries Deitch & Endelson, Inc., represented the building's owner, BNS LLC, and was the sole broker in the transaction. "This brings the office building to 100% occupancy and is expected to significantly boost the downtown economy. The owner has rights to build a twin building of approximately 54,900 square feet and may break ground in the Spring of 2000".

Aries Deitch & Endelson, Inc. is a full service real estate company actively engaged in the areas of development, construction, asset management, leasing, sales and advisory services.


ARIES DEITCH & ENDELSON SIGNS THREE LEASES
IN NORTHERN WESTCHESTER COUNTY

Aries Deitch & Endelson, Inc., reports three lease transactions recently made in northern Westchester. These leases include:

1,775 square feet to The Phone Store II at the Cortlandt Town Center, Cortlandt, New York; 1,400 square feet to Monique's, a children's party and exercise facility on Kisco Avenue in Mt. Kisco; and 900 square feet to the Complete Aquarium on Route 117 in Bedford Hills.

"We are finding many more retailers interested in northern Westchester", said Bill Hesse, President,. "The market is growing and retailers want to take full advantage of the opportunities".

Aries Deitch & Endelson, based in Hartsdale, New York, specializes in the leasing, management and consulting of retail real estate throughout the tri-state area.


ARIES DEITCH & ENDELSON 
NEGOTIATES LEASE FOR
HOLLYWOOD VIDEO

Aries Deitch & Endelson reports that Hollywood Video is leasing a 4000 s/f store at Arcadian Shopping Center on Route 9 in Ossining. Hollywood Video is joining CVS, ToyWorks, and Stop & Shop in this center, which was recently purchased by Urstadt Biddle Properties of Greenwich, CT. AD & E represented the tenant. Hollywood Video operates about 1400 superstores in 48 states, including two others in Westchester County. The store is expected to open later this year.

Aries Deitch & Endelson is the exclusive agent for Hollywood Video throughout Westchester, Rockland, Putnam, Dutchess, and Orange Counties, NY. The Hartsdale-based firm, specializes in retail leasing, management and consulting throughout the region.


PRINCETON SKI SHOP LEASES NEW ELMSFORD STORE

In the 1980s Marty Deitch Senior V.P. of Aries Deitch & Endelson, Inc. leased the former Grand Union store in the Masters Shopping Center to Princeton Ski. They operated successfully there for 10 years. And now that the center is being demolished for the new nation Amusements cinema they are relocating to the Sportstime Building on Rt. 9A just north of their present location. They are scheduled to open their 19,000 sq. ft. store in August 1999. It shall feature skiing equipment, apparel, skates and tennis.


ARIES DEITCH & ENDELSON LEASES 20,000 S.F. TO MICHAELS STORES

Aries Deitch & Endelson, Inc. acting as exclusive leasing agents for Candlewood Lake Shopping Center on, Federal Road in Brookfield, Connecticut, announces it has leased 22,000 square feet to Michael's Stores Inc. William B. Hesse, President of AD&E brokered the transaction on behalf of both the landlord and the retailer. "Located at the most important intersection on the Federal Road miracle mile retail corner, Michael's will be a wonderful compliment to the other retailers in Candlewood" says Hesse. "They will also be a focal point of the other power retailing on the avenue that presently includes Circuit City, Borders Books, Bob's Stores, Costco Center". Michael's Stores Inc. is the #1 arts and crafts retailer in North America with over five hundred stores and net sales approximately $1.5 billion dollars. This superstore's merchandise mix will include hobby, party, needlecraft and ribbon, picture framing, silk and dried flowers and plants, general crafts and wearable art, seasonal and home decor, and fine arts material. The store is scheduled to open before the end of February 1999.


Middletown Commons Shopping Center Sold

November 14, 1998. Aries Deitch & Endelson, Inc. a tri-state brokerage, and management firm based in Hartsdale, NY announces it has brokered the sale of Middletown Commons Shopping Center, Dolson Ave., Middletown, NY to an investor client. The property is improved with a 28,000 sq. ft. retail center on a 20 acre site. There is land for major expansion. It is situated near Campbell Plaza (Shoprite)and Playtogs Plaza shopping centers, near many fast food restaurants and automobile dealers.

Middletown Commons had been managed and leased by Aries Deitch & Endelson, Inc. since 1994 for a financial corporation which had foreclosed the mortgage. At the time of the foreclosure the center was mostly vacant. The retail center is 100% leased to national and local tenants including, Tutor Time, Video Update, Ace Beauty, and Norwest Financial.

The sale price was $2,400,000.


Peekskill, NY Crossroads Plaza Leased To 89% Occupancy

Peekskill, NY: Aries, Deitch & Endelson Inc., a retail leasing, management and consulting firm has leased 8,200 square feet to three new tenants in the Crossroads Plaza Shopping Center, Main Street, Peekskill, NY. Joining Rite-Aid and Family Dollar, according to Edward Kulikowski the center's leasing agent, is Top Quality Meats, Price Beaters, and Creative Nails and Tanning Salon.

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Golf USA Leases Scarsdale Store

Aires Deitch & Endelson, Inc. a 15 member retail leasing, management, and sales brokerage office based in Westchester County, NY is pleased to announce leasing of 3,450 sq. ft. at 455 South Central Park Ave., Scarsdale, NY to Golf USA.

Martin Deitch, Senior Vice President represented both the owner and the tenant. The lease was for a period of ten years with aggregate rent in excess of $2,000,000.

Aries Deitch & Endelson, is exclusive leasing or managing agents for 2,000,000 sq. ft. of commercial space in the Westchester, and Fairfield County markets, in addition of representing major chain store retailers, and brokering sales of major investment properties.


Aries, Deitch & Endelson, Inc. Represents Reynolds Metals Subsidiary

Armonk, NY: Southern Graphic Systems, a Louisville Kentucky Company and subsidiary of Reynolds Metals, Inc. has leased 5787 square feet of office space in 111 Business Park Drive, Armonk, NY. Edward Kulikowski, Vice President of AD&E, handled this transaction.


Chinese Buffet Restaurant Leased

Aries Deitch & Endelson, Inc., a 15 member retail leasing, management and consulting firm located in Hartsdale, NY has leased a 4,500 square foot Chinese restaurant in the Crossroads Shopping Center on Tarrytown Road (Route 119) in White Plains to Super Buffet of Connecticut. Crossroads Shopping Center is one of the largest open shopping centers in Westchester County, NY. It is anchored by Caldor and Waldbaums. The restaurant shall have 250 seats. The restaurant, with a 15 year lease with an aggregate value of over one million dollars, will open at the end of June. Victor Benel was the Aries Deitch & Endelson, Inc. broker who represented the parties.


AD&E, INC. Announces Leasing Progress Of Lakeview Shopping Center

Open MRI leased 3,000 sq. ft. September 2003

UPS Store leased 1,500 sq. ft August 2003

SLEEPY'S, NY's largest mattress chain has leased 4,500 sq. ft.

A&P opened its' new 46,500 sq. ft. store January 1999.

Rite Aid opened its' new 10,000 sq. ft. drug store in February 1999.

Blockbuster Video leases in Lakeview for a store opening September 1999

King Buffet leases 6,000 to open Fall of 1999

Brewster, NY. Aries Deitch & Endelson, Inc. a retail leasing, management and consulting firm based in Hartsdale, New York announces it has been appointed exclusive leasing agent for the expansion of Lakeview Plaza on Rte. 22 in Brewster, Putnam County, NY.

The shopping center has commenced construction of the first stage in its expansion. A new A&P of 45,000 square feet shall be opened this summer together with a Rite Aid of 10,000 square feet. A free standing Marine Midland Bank branch of 3,800 s.f has already opened. Space is available for stores from 1,000 to 30,000 square feet.

The shopping center is located on Rte. 22, the principal north south corridor in Putnam County. The traffic count in front of the shopping center is approximately 22,000 cars per day. Putnam County is one of the fastest growing counties in New York State and is experiencing an influx of young professional people from New York City and Westchester County. Average household income within the trading area is in excess of $90,000.

When complete, Lakeview Plaza shall be a total of 190,000 square feet. It currently consists of approximately 70,000 square feet and has been anchored by an existing 30,000 foot A&P store since the center was built in the 1960's. The shopping center is served by a privately owned sewage treatment plant which is necessary to comply with the stringent environmental regulations due to its proximity to the New York City reservoir system.

Aries Deitch & Endelson, Inc. is currently negotiating with a number of major tenants and recently leased a the new MarineMidland Bank branch of 3,800 square feet.The shopping center is being developed by the Sisca Group, a prominent owner and builder of commercial properties based in Brewster, NY.


AD&E Represents Hudson Valley Bank

Aries Deitch & Endelson, Inc. real estate brokers has represented Hudson Valley Bank and 1 - 15 Huguenot Street Corp., owned by Frank and Anthony Longhitano of New Rochelle in a lease transaction for a customer business branch office at the above location. This branch is open in a new shopping center the Longhitano's built from the former Defender offices and warehouse site.
Hudson Valley has leased 1,600 square feet for a term including options of 12 years. Aggregate rent is in excess of $400,000. Barry Endelson, Executive Vice President of Aries Deitch & Endelson, Inc. represented both the tenant and the owner.
Aries Deitch & Endelson, Inc. is a 15 member retail and commercial leasing, management, sales and development firm based in Hartsdale, NY.
Aries Deitch & Endelson, Inc. is currently expanding it's staff by 25% during 1998 in order to service it's major projects in Westchester and surrounding counties of New York and Connecticut.


Aries Deitch & Endelson Inc. announces lease with Applebee's

Yonkers, NY. Aries Deitch & Endelson Inc., retail leasing brokers located in Hartsdale, NY, is pleased to announce it has represented Applebee's, a national chain of casual dining restaurants in a recent leasing transaction. Applebee's has leased 6,000 sq.ft. at the Cross County shopping center in Yonkers, New York. The lease was for a term of 20 years.
This is the third Applebee's to open in Westchester County New York. The others are in Mamaroneck and Mount Kisco.
Aries Deitch & Endelson, Inc. is a 15 member retail leasing, management, development and investment sales company located in Hartsdale, NY.


White Plains, NY Sam's Carpets Leases 4,500 Sq. Ft.

William B. Hesse, President of Aries Deitch & Endelson, Inc., is pleased to announce that he has effectuated the leasing of 285 North Central Avenue in White Plains, New York to Sam's Carpeting Linoleum & Tile Corporation. This 5,400 square foot building had been previously leased by Color Tile, a similar operation. Sam's is a 50 year old family operated business that services the Bronx and Westchester County. Sam's presently has two stores in the Bronx, one in Mamaroneck, and one in Mahopac, New York. This new store slated to open the first of January, will not only have carpet, vinyl and area rugs, but will also expand into wood and ceramics. Ed Rossi, the President of Sam's, believes the new store will be the "crown jewel of the chain" servicing mid and central Westchester.
Bill Hesse of Aries Deitch & Endelson represented both Sam's and Peter Gisondi Realty, the owner of the building. Aries Deitch & Endelson is a full service retail brokerage, management and development organization operating extensively throughout New York, New Jersey and Connecticut.


Yonkers, NY 18,000 SF Parcel Sold On Central Park Ave.

January 1988. Starting off the New Year with a major sales transaction, Aries Deitch & Endelson, Inc. announces sale of the former Consumers Appliance store at 1860 Central Park Avenue in Yonkers, NY. The property consists of 18,000 square feet of land. The seller was Leibert Realty and the buyer, Yonkers Nissan. The property shall be used to expand the Nissan Motors dealership. Aries Deitch & Endelson, Inc. was the listing and selling broker. Martin Deitch, Senior Vice President, Manny Berger, Vice President and Julian Aronin, Director of Sales, were the participating brokers.
Aries Deitch & Endelson, Inc. is a 15 member retail and commercial real estate brokerage, management and development firm. Manny Berger is Manager of the Investment Sales Division which has sold in excess of $20,000,000 worth of property in the last year.
 

 

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