Goldschmidt notes that the shopping center is now more than 50% leased. In addition to the Charlie Brown's transaction, the first tenant signed for the center was the CVS drug store chain, which signed a deal in June 2000.

"We are in lease negotiations with a national convenience tenant for another 2,250 sf and have substantial and growing interest from other retailers for the remaining 15,225 sf," Goldschmidt adds.

Mark Ellman, president of Celestial Capital Group comments that the initial tenants signed for the shopping center should bring significant buying traffic. In relation to the Charlie Brown's deal, he says, "This will be a great addition to the center and the town of Yorktown. The area needs a high-quality family restaurant."

The architect for the project is Neil Carnow of Ossining and the construction manager is Lasberg Construction Associates of Armonk. Celestial Capital will manage the center once it is open for business. Occupancy is scheduled for the summer of this year.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.