Perlmutter Properties Inc. Newsletter
October 2009
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| In This Issue
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| 79 and 95 East Putnam Avenue, Greenwich, CT |
| Triangle Shopping Center, Yorktown Heights, NY |
| 280 Dobbs Ferry Road, White Plains, NY |
| 65 King Street, Chappaqua, NY |
| Bedford Playhouse Building, Bedford, NY |
| 303 Central Park Avenue, Scarsdale, NY |
| 29 Mill Road, Eastchester, NY |
| Port Plaza, Port Jervis, NY |
| Cross River Plaza, Cross River, NY |
| Prisco Plaza, White Plains, NY |
| 678 Broadway, New York, NY |
| Circle Plaza, Livingston, NJ |
| The Village at Livingston, Livingston, NJ |
| Lyons Plaza, Newark/Irvington, NJ |
| 644 Route 10, Livingston, NJ |
| University Centre, Newark, NJ |
| Randolph Pavillion, Randolph, NJ |
| Client Requirements |
| Contact Us |
| 79 and 95 East Putnam Avenue, Greenwich, CT |
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Downtown Retail
Perlmutter Properties has been appointed co-exclusive agent with GHP Office Realty to represent 79 and 95 East Putnam Avenue in Greenwich, Connecticut. Both buildings are optimally located across the street from Whole Foods, and near Greenwich Avenue. There is an 18 00* SF retail space available at 79 East Putnam Avenue, the landmark Outdoor Traders Building. Two spaces, one is 608 SF and the other 1866 SF, will be available this Fall and can be combined. Perlmutter Properties recently placed Edward Jones on the second floor. 1,393 SF of ground floor showroom or office space is for rent at 95 East Putnam Avenue. An antiques store which specializes in the sale of reproductions of American antique furniture and lighting recently signed a lease at 95 East Putnam Avenue, which has  a distinctive two story entrance portico, giving the buidling excellent visibility. Jamie Schwartz of GHP and David Perlmutter represented both Landlord and Tenant. The spaces are being aggressively priced for quick rental.
Call David Perlmutter at 914-686-8900 or contact him via email for more information. *Lease out for negotiation | |
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| Triangle Shopping Center - Yorktown Heights NY |
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Retail and Office Space Available
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Goddard School has signed a lease for 10,000 SF at the 230,000 SF Triangle Shopping
Center for use as a day care center. The space is located next to the Country Academy of Dance. The dance
school brings over 750 students to the center each week, and The Goddard
School will have over 120 students when completed later this year.
David Perlmutter represented both the Landord and The Goddard School.
The Triangle Shopping Center is located on Route 118 in Yorktown Heights, NY. It is the dominant shopping center in the market, and there is space available for immediate occupancy, including individual units on the north side of the  center of 2823 and 5313 SF. These spaces are between My Gym and Okinawa Restaurant.
Additionally, a 1200 SF store is available next to GameStop, and a 4,400 SF space is available next to A&P. Two new stores can be created on the north side from former storage space, next to Weight Watchers, a 1000 SF space and an 800 SF store.
Two office suites are available in the newly renovated Triangle Professional Building. The spaces are approximately 2000* and 1700 SF. The latter space can also be rented as two smaller units.
The Center's tenants include A&P Fresh Market, TJ Maxx, Mrs. Green's Natural Market, Panera Bread, Radio Shack, Carvel, Curves, and Bank of America among others. New pylon, monument and directory signs were recently installed for both sides of the center, giving better tenant identification.
Click here to request additional information.
*Lease out for negotiation
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280 Dobbs Ferry Road - White Plains, NY
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Medical/Therapy Space Available
 Conveniently located near I-287, the Sprain Brook Parkway and Bronx River Parkway, 280 Dobbs Ferry Road is a 24/7 accessible dedicated medical building, with ample parking. It is handicap accessible and has an elevator. The building is 2.5 miles from White Plains Hospital, and approximately 5 miles to Westchester County Medical Center. All suites have individually controlled heating and air conditioning. For the convenience of patients who do not drive, a car service is located at the building.
There are suites available from approximately 1000 to 9000 SF for immediate occupancy. All suites can be customized to suit the new tenants. Therapists, pediatric dentists, cardiologists and oncologists would particularly complement the existing tenants.
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New Listing - 65 King Street - Chappaqua, New York
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 Downtown Retail Space Available
A 2,469 SF retail store will be available in the fall in affluent downtown Chappaqua, NY. The store is located on King Street (Route 120) at the heart of downtown. There is street parking in front of the store, and a municipal lot behind it, which is accessible via a rear entrance.
Area retailers include Starbucks, Desires by Mikolay Jewelers, Chappaqua Wine and Spirits, Dunkin Donuts, Citibank, Rite Aid, and D'Agostino's.
Contact David Perlmutter for more information.
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New Listing - 633 Old Post Road - Bedford, NY
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 Downtown Retail/Office Space
1680 SF of Retail or Office Space is available at the Bedford Playhouse building in downtown Bedford, NY.
It is ideal for a doctor's office, an art gallery, exercise studio or bike shop.
The space is on the north side of the building, with convenient access to the parking.
It has its own private entrance, and a newly installed kitchenette.
Contact David Perlmutter for information.
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303 Central Park Avenue - Scarsdale, NY
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 Mixed Use Building for Sale or Lease
Perlmutter Properties has been appointed co-exclusive agent with GHP Office Realty to market 303 Central Park Avenue for sale. This 8,882 SF steel frame and masonry building is located on the southbound side of Central Park Avenue (Route 100) in Scarsdale, NY. Each floor is 4,441 SF. The building is highly visible from both directions. The site is .42 acres and has 35 on site parking spaces. The building will be delivered vacant.
There is a population of 127,500 within 3 miles with an average household income of $139,000.
In order to receive a Confidentiality Agreement and Offering Memorandum, contact David Perlmutter.
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29 Mill Road - Eastchester, NY
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 Downtown Retail Space Available
700 SF* of retail space plus basement are available for immediate occupancy at this neighborhood storefront strip located near the intersection of Mill Road and Route 22.
The store is in a densely populated, affluent area, with a population of 160,000 located within 3 miles with an average household income of $120,000.
It is ideal for a service business. Other tenants in the strip include a dry cleaners, laundromat, shoe repair and tailoring, nail salon, and a luncheonette.
For additional information, contact David Perlmutter.
*Lease out for negotiation
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| Port Plaza - Port Jervis, NY |
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 Retail Space Available
Play N Trade has opened a 2500 SF store at Port Plaza. The tenant is the nation's leading franchise of video games.
Port Plaza is the downtown retail anchor for the central business district of Port Jervis, NY. The 90,000 SF center has a 46,000 SF anchor space available as well as individual stores of 1200, 2000 (end cap), and 5000 SF.
Tenants at Port Plaza are Rite Aid, Dollar General, Burger King, Cutting Crew, Brother Bruno's Pizza and #1 Nails. Downtown Port Jervis has been undergoing a renaissance with several restaurants, art galleries and antiques stores opening recently.
Click here to request additional information.
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| Cross River Plaza - Cross River, NY |
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 Retail Space Available
10,000 SF of retail space is available on the lower level at the 100,000 SF Cross River Plaza, located at the intersection of Route 35 and Route 121 in affluent northern Westchester County. A lease is out for negotiation for 1000 SF adjoining the available 10,000 SF.
The center is anchored by D'Agostino's. Other tenants include Cross River Pharmacy, the U.S. Post Office, Chase Bank, Villarina Pasta, Haiku Restaurant, Lewisboro Paint and Hardware, and a bagel shop, pizzeria, hair salon, cleaners, nail salon, opticians, and wine shop.
Plans are in development to renovate the center, including new facades, signage, and a possible new pad building.
Click here to request additional information.
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| Prisco Plaza - White Plains, NY |
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 Downtown Retail Space Available
1700 SF of retail space is available at 243 Tarrytown Road (Route 119) in White Plains, NY. Over 26,000 cars per day pass the site. A population of 205,000 resides within a 5 mile radius, with median household incomes of $100,000 per year. Prisco Appliances, H&R Block are also in the 12,000SF strip. 3000-5000 SF of warehouse space is available in the center's lower level.
Area tenants include, K Mart, A&P, Modells, Joyce Leslie, Sleepy's, Gym Source, Washington Mutual, Citibank, Sprint and many more.
Click here to request additional information.
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678 Broadway - New York, NY
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 Loft Space for Rent
Located between Great Jones and Bond Streets, this 3700 square foot column free loft has been newly renovated. The space has 14' ceilings, great light, two new bathrooms, a pantry and a freight elevator accessible from the back alley. The building facade and lobby have also been renovated. Dry storage is also available for lease in the cellar.
For additional information or to set up an appointment contact Amy E. Cole at 917-338-6651 or [email protected]
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New Listing - Circle Plaza - Livingston, NJ
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 Highway Specialty Center
A 3350 SF restaurant space will be available later this year at Circle Plaza, located at 464 West Mount Pleasant Avenue. Circle Plaza is a 20,000 square foot specialty center located on the westbound side of Route 10, near the Livingston traffic circle. The tenants at the center are Golfsmith, Men's Wearhouse and Hale & Hearty Soups.
Major tenants in the immediate vicinity include Old Navy, Staples, Pathmark, Wine Legends, Blockbuster Video, Olive Garden, and Toys R Us.
Circle Plaza is located in an affluent and densely populated area. Within a three mile radius, there is a population of 63,196 with average household income of $113,814, and within five miles, the population is 186,126 with an income of $102,138.
Click here for more information.
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| The Village at Livingston - Livingston, NJ |
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 Retail Space Available
A 7000 SF end cap is available at the Village at Livingston. Additional spaces of 3000 SF and 4865 SF can be made available. The Village is a 100,000 square foot neighborhood center located at the intersection of Route 10 and Eisenhower Parkway in Livingston, New Jersey. It is at the gateway to the busy Route 10 retail corridor. The Village is anchored by Pathmark. Other tenants include CVS, Olive Garden, Wine Legends, Hudson City Savings Bank, GameStop, Shiseido Cosmetics, Greets and Treats, Milano French Cleaners Shalom Nails and Zen Restaurant.
A lease was just signed with Karate USA for 1600 SF in the pad building containing Olive Garden and GameStop. The tenant was represented by Barry Costanza of Coldwell Banker Commercial, and the Landlord was represented by David Perlmutter.
Ownership is eager to make a deal here and have reduced the asking rent.
Click here to request additional information. |
| Lyons Plaza - Newark/Irvington, NJ |
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 Retail Space Available
A 4,000 SF store can be made available at Lyons Plaza, a 78,400 square foot neighborhood center located at the intersection of Lyons Avenue, Fabyan Place, and Route 78 on the Irvington-Newark border. Great pylon signage is included. An additional 10,000 SF may be possible in the future at this location with the acquisition of an adjoining parcel.
Lyons Plaza is anchored by a Pathmark Super Center, one of the highest volume Pathmarks in New Jersey. National tenants at the center are Radio Shack, Carvel, Rent-A-Center, GameStop, H & R Block, Golden Krust and Blimpies. Local tenants include Scratch Records, Macy Beauty Supply, a Chinese restaurant, a nail salon, $Dollar Plus, Plaza Laundromat, Rosa Dry Cleaners, and a convenience store.
The center is located in a densely populated area, with 55,605 people within a one mile radius, 330,422 within 3 miles, and 725,728 within 5 miles. Average household incomes are $ 49,758, $51,079, and $54,488 respectively.
Built in 1990, Lyons Plaza is owned by a joint venture of Eastman Management Corporation and Lysar Management, Inc.
Asking rents have just been reduced, and ownership will be extremely aggressive to make a deal.
Click here to request additional information.
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| 644 Route 10 - Livingston, NJ |
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 New Retail Development
A new 42,000 SF retail center is being developed on the west bound side of Route 10 in Livingston, New Jersey. The site, which is now used for light industrial and warehouse space is well into the approval process.
Current plans for the center are for a 30,000 SF anchor store with 12,000 SF of smaller shop space.
Click here to request additional information.
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| University Centre - Newark, NJ |
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 Downtown Retail-Fully Leased
Subway and EZ Mart signed a lease for combined store at University Centre in Newark, New Jersey during February.
University Centre is a new dormitory facility completed in 2007 for students attending Rutgers University and New Jersey Institute of Technology and other area colleges. A lease for 1990 SF of space was just signed with WOW Wingery and Cafe. The tenant is represented by Florian Suserman of the Goldstein Group.
Located at 250 Central Avenue in the University Heights section of Newark, NJ, University Centre has 838 student residents living above the retail space. Approximately 30,000 students attend the Rutgers Newark campus, NJIT and Essex County College. The Newark Light Rail Warren Street stop is less than a block away, as well. For additional information on the amenities offered at University Centre, click here.
The leases with Subway/EZ Mart and WOW Wingery bring University Centre's retail space to full occupancy.
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| Randolph Pavillion |
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 New Retail Development
Randolph Pavillion is a proposed 21,000 SF retail development that will be located on Route 10 East, near the intersection with Millbrook Avenue. A lease is out for negotiation for 11,000 SF with a rapidly expanding day care center. The site has over 600 feet of highway frontage. There is an average daily traffic count in excess of 52,000 cars. Stores from 1400 SF and up are available.
Area retailers include K Mart, Pathmark, Staples, Dollar Tree, Party City, Radio Shack, Blockbuster, Pizza Hut, and Dunkin Donuts.
There is a population of 125,000 within a five mile radius with an average household income of $113,000. Click here to request additional information.
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Requirements
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Clients Seeking Space
Perlmutter Properties is seeking space for a national retail stock brokerage firm in Tarrytown, Suffern and the Fleetwood section of Mount Vernon, New York. The tenant requires 800-1200 SF in a downtown or shopping center location. Contact David Perlmutter if you have an available space.
We are also seeking space for a wine and liquor store and a cell phone store in Manhattan. The preference is to take over an existing licensed store. All neighborhoods will be considered. Contact David Liebowitz with your locations.
We are looking for retail or industrial zoned 4000-8000 SF building to purchase within a 5 mile radius of Stamford, Connecticut. Contact Stacey Oestreich regarding buildings for sale within this market.
Perlmutter Properties is looking for an acre of land or approximately 8000 SF in a free standing building for a day care center in Northern Westchester. Contact David Perlmutter.
Contact Amy E. Cole for any of the following client requirements:
Purchase: Office tenant looking to purchase between 10,000 and 30,000 square feet with easy access to the New Jersey Turnpike, (exits 8 or 9) or easy access from The Garden State Parkway from Edison to Holmdel. Tenant needs to occupy no less than 7500 square feet immediately and be able to absorb more space sooner than later.
Purchase: Looking for property, Industrial, Office or land with 8 - 10 acres in Morris County between Morristown Hospital and St. Barnabas Hospital for long term health care facility. Need to be able to build 120,000 feet and can go up to three stories.
Purchase: Tenant looking to purchase warehouse in and around the Long Island City area. Needs no less than 20' ceilings and at least one loading dock.
Purchase: Investor/Owner looking to purchase 20,000 - 50,000 square foot office building in the Jersey City vicinity. Will consider converting an industrial property.
Lease: Tenant looking to lease between 600 - 1000 square feet of retail space in high traffic, low income, downtown, strip centers and shopping centers in Elizabeth, Irvington, Newark, Hillside, and Jersey City.
Lease: Tenant looking to lease between 600 - 1000 square feet of retail space in Upper Manhattan, North of 110th Street, East and West, as well as lower income neighborhoods in the boroughs.
Lease: Tenant seeking vented space or space that may be vented in midtown Manhattan. Prefers Eastside but will consider opportunities in high visibility Westside locations, 800 -1500 square feet. |
Contact Us
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We moved our offices to a fantastic new location at the end of March. Our new address is 4 West Red Oak Lane, Suite 105, White Plains, NY 10604
Our Contact Information:
Amy Cole
tel: 917-860-4091
email: [email protected] or [email protected]
Stacey Oestreich
tel: 917-797-6266
email: [email protected] or [email protected]
David Liebowitz
tel: 917-553-6317
email: [email protected] or [email protected]
Judy Chu Tsang
tel: 914-588-4710
email: [email protected]
David Perlmutter
914-686-8900
email: [email protected] or [email protected]
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