Search
 

Putnam Retail Power Center Secures New Tenants

SOUTHEAST, NY-The developer of $40 million "the Highlands" retail power center here reports that 280,000 sf of lease deals have been secured at the project, which is now under construction.

By John Jordan | Updated on May 21, 2001

SOUTHEAST, NY-Putnam County commercial and residential developer Larry Nadel reports that the Highlands retail power center project has secured lease deals with such tenants as Home Depot, Kohl’s and Linens and Things. Construction has already begun on the anchor buildings of the project, Nadel says. The $40 million power center development has attracted approximately 280,000 sf of retail tenants and has just 100,000 sf of space remaining to be leased.

While “Big Box” development may be prevalent elsewhere, no such retail stores exist at the moment in Putnam County, Nadel adds. Development of The Highlands is a joint venture between Nadel, local developer Harold Lepler and Hendon Properties of Atlanta. Nadel explains that Home Depot will be housed in its own 140,000 sf building, while Building #2 at The Highlands will contain a Kohl’s department store (86,500 sf) and Linens and Things which has leased 37,000 sf of space.

An additional two buildings at the complex, which is located on Route 312 in the town of Southeast nearby I-84 and the Brewster North train station, will house restaurant type users. Building #5 will house another 85,000 sf of retail space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.