Free press releases distribution network?

Agency / Source: ERG Property Advisors

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



ERG Announces $25 Million Sale of Retail Facility in Woodcliff Lake, New Jersey - ERG Property Advisors recently announced the sale of 500 Chestnut Ridge Road in Woodcliff Lake, NJ for $25 million - ERGPA.com
ERG Announces $25 Million Sale of Retail Facility in Woodcliff Lake, New Jersey

 

PRZOOM - /newswire/ - New York, NY, United States, 2012/01/27 - ERG Property Advisors recently announced the sale of 500 Chestnut Ridge Road in Woodcliff Lake, NJ for $25 million - ERGPA.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The property is a 70,000-square-foot freestanding retail facility situated on a 313,632-square-foot lot. It is fully leased to The Great Atlantic and Pacific Tea Company (A&P) for a term of 25 years pursuant to a lease that commenced in 1996. It has eight, 5-year options remaining thereafter. The lease increases $1 per square foot every five years, including during the option periods. The cap rate is 7.4%.

The tenant is responsible for all property expenses including roof and structure. A&P operates approximately 61,000 square feet of the premises, and subleases the remaining 9,000 square feet to various local tenants. The average sub-tenant rent is currently estimated to be $31 per square foot on a triple net basis. Located just two miles from the A&P Corporate Headquarters, the store is considered a trophy location. A&P recently spent approximately $4,000, 000 in renovations on the store.
The site is located approximately 20 miles from New York City, and 10 miles from the Tappan Zee Bridge. The property is supported by strong demographics, with over 200,000 people located within a 5-mile radius, and an average household income that exceeds $105,000. Corporate headquarters in the area include BMW North America, Hilton Hotel, Perillo Tours, and a number of other corporate offices, including Sony, KPMG, IBM, and Minolta.

For more information about this property, please contact Richard T. Guarino at 646-253-0909 or rguarino[.]ergpa.com, Andrew Greenberg at 646-253-0950 or agreenberg[.]ergpa.com or Christopher Pedota at 646-253-0962 or cpedota[.]ergpa.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: ERG Property Advisors

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


ERG Announces $25 Million Sale of Retail Facility in Woodcliff Lake, New Jersey

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Michelle Babinsky - ERGPA.com 
212-807-6640 pr[.]ergpa.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ERG Property Advisors securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From ERG Property Advisors / Company Profile


Read Real Estate/Property Management Most Recent Related Press Releases:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Homenova, Inc. Launches A Website for Private Home Sales
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
Approved Mortgage Reviewed by Global Research Firm Great Place To Work®
SoloPro Secures $1.1M in First Round Funding

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today