ARIES DEITCH & ENDELSON, INC.
Press
Releases
April 2007
|
New Leases:
Palm Beach Tanning leased 3,000 sq. ft. in a portion of the former Wiz
building at Midway Shopping Center, 999 Central Ave, Scarsdale, NY and
shall open spring of 2007. Panera Bread also leased 5,500 sq. ft. in
that building and is now in construction.
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 and Princeton Ski. The store is scheduled to
open in early spring 2007.
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.
Cingular 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.
A Cingular 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.
Westchester Chapel leased 10,000 sq. ft. 214 Central Ave, White Plains,
NY. Barry Endelson ext. 103.
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.
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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