REAL ESTATE

Royal Properties inks three Orange County, N.Y., deals

BY Michael Fickes

New York — Royal Properties has announced three lease signings in Orange County, N.Y. — two with Miracle Ear and one with Tiger Schulmann’s Mixed Martial Arts.

Miracle Ear has signed a seven-year lease with a five-year option for 1,500 sq. ft. at Wallkill Plaza in Middletown. Royal Properties and Rand Commercial Services were the brokers in the transaction. Wallkill’s co-tenants include Big Lots, Ashley Furniture, Hobby Lobby, Papa John’s, Texas Roadhouse and Boston Market.

Miracle Ear also signed a seven-year lease with a seven-year option for 730 sq. ft. at the Big V Town Centre located in Vails Gate. Royal Properties represented the landlord and Rand Commercial Services represented Miracle Ear.

Tiger Schulmann’s Mixed Martial Arts signed a 15-year lease for 2,616 sq. ft. at the Big V Town Centre. Royal Properties represented the landlord and J.W. Burke & Co. represented the tenant.

Big V co-tenants include Shop Rite, Kmart, Sleepy’s, Key Bank, Burger King, Goodwill and Mavis Tires.

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REAL ESTATE

Sacramento Sam’s Club morphs into Burlington Coat Factory

BY Michael Fickes

Colton, Calif. — The Hodgdon Group, a brokerage, development, construction and project management firm, has converted a former Sam’s Club in Sacramento into a 60,000-sq.-ft/ Burlington Coat Factory.

The new store opened last week. Hodgdon Group Realty and CBRE Sacramento represented the investor in the acquisition of the Sam’s Club building, as well as the landlord in the lease transaction. Retail West Inc. represented Burlington Coat Factory. An additional tenant has leased the remaining space and plans to open soon.

Hodgdon recently converted a former Sports Authority building in Broadstone Plaza in Folsom, Calif., into an Ashley Furniture HomeStore. The 32,000-sq.-ft. freestanding store opened last month.

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REAL ESTATE

Famous Footwear leases second Manhattan location

BY Michael Fickes

New York — Famous Footwear has leased its second Manhattan location at 48-50 West 14th Street between Fifth and Sixth Avenues in Union Square, according to Winick Realty Group. The 7,800-sq.-ft. store is a block-through retail site with 50 feet of frontage on 14th Street and 25 ft. of frontage adjacent to the New School entrance on 13th Street.

Ripco represented Famous Footwear in the transaction. Winick represented the landlord, CB Developers.

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