Printer Friendly

Bank buys Rockland building.

Krieger & Co. Real Estate Services, Inc. has sold 100 Dutch Hill Road, Orangeburg, New York (a/k/a Rockland Executive Center) to Union State Bank for just under $3.5 million Krieger & Co. represented the seller, Nateby Associates, a limited partnership, which sold the building through a Chapter 11 bankruptcy proceeding.

According to Marc Krieger, president of Krieger & Co., Union State Bank will initially occupy approximately one-third of the building and expand as leases expire.

Union State Bank, a commercial bank with assets of $400 million is a subsidiary of USB Holding Co. Union State Bank has nine branches in Rockland and two branches in Westchester. Another subsidiary of USB Holding Co. is Royal Oak Federal Savings & Loan, with three branches located in and around Randalstown, Maryland, and assets of $50 million.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Orangeburg, New York
Publication:Real Estate Weekly
Date:Oct 28, 1992
Words:132
Previous Article:Advanta Corp. takes 40% of Cranbury, NJ, building.
Next Article:Tishman Speyer breaks ground on development in East Berlin.
Topics:


Related Articles
Rockland County is poised to thrive.
Cushman & Wakefield brokers $47M Alliance Funding lease.
Down payment on the future.
$5,000 deposit for your hearts.
Mack-Cali leases 55,000 s/f at Rockland County property.
Union State Bank invests in health of Rockland county.
Work underway on $36M psychiatric center.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters