Friedland gets in on the action.NAI See Network Associates. Friedland Realty, Inc. represented both sides in a 95-year ground lease agreement for a 16acre site at the Pelham Manor/Bronx border. The site, currently a mixed-use industrial area, will be developed as a 200,000 s/f community retail center. The NAI Friedland brokers involved in the transaction are three executive vice presidents: Peter Cokin, Steven Kornspun and Ross Schneiderman. Located on Boston Post Road The Boston Post Road was a system of roads from New York City to Boston, Massachusetts, containing some of the first major highways in the United States. It began as a path to deliver the post using post riders (the first ride to lay out the Upper Post Road starting January 22, at Exit 9 of the Hutchinson River Parkway The Hutchinson River Parkway (also known as The Hutch) is an 18.78 mile (0 km) long parkway in downstate New York. , the property is owned by the Rusciano family. The developers are Acadia Realty Trust, a REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , and P/A Associates, owner-developers. The developers say they anticipate construction will begin on the new center within 24 months. According to NAI Friedland, the area is undergoing massive change with retail development replacing industrial sites. |
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