Sheldon Gross signs 200,000 s/f lease deal.Robert Nathin, senior vice president at Sheldon Gross Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. , Inc., represented Pathmark Stores in a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. land lease for a 200,000 square foot industrial facility at 8989 Union Turnpike Union Turnpike has the following meanings:
Dupont Associates is the landlord of the facility. Subsequent to the land lease, Pathmark Stores sold the land lease to Stop & Shop, who redeveloped the location into an approximately 100,000-square-foot shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into including a Stop & Shop supermarket. "We are pleased to have fulfilled ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. all of the supermarket's needs in this transaction," stated Robert Nathin. "It took five years to complete this deal from the initial meeting to the end of construction but I think this terrific location was worth the wait." Sheldon Gross Realty provides a full array of services including office, industrial and retail brokerage, tenant representation, property and asset management and consulting. The firm's in-house research department is enhanced by Sheldon Gross Realty's own trademarked market analysis system, Site-ology. Sheldon Gross Realty is able to service its clients' needs on a local, regional and national scale. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion