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Westrock Development Pays $4.1M for Rockland Shopping Center

YONKERS, NY-A Yonkers-based real estate investment firm has purchased the 45,000-sf Patriot Square Mall in Stony Point for $4.1 million.

By John Jordan | Updated on November 19, 2002

YONKERS, NY-The Patriot Square Mall, a nearly fully leased 45,000-sf shopping center in Stony Point, has been purchased by Westrock Development of Yonkers for $4.1 million.

Westrock Development, in conjunction with Koenig Management of New City, acquired the Rockland County-based shopping center from Michael Silberberg of Patriot Square Commons LLC. The deal marks Westrock’s entrance into Rockland County. The firm, founded in 2001, has invested approximately $15 million to purchase six properties in excess of 300,000 sf of commercial, retail and industrial space in New York and Connecticut.

The Patriot Square Mall, located at 32 South Liberty Place (Route 9W), sits on five acres of land and has space for 15 tenants. The shopping center is anchored by CVS and the Bank of New York and has leases with 12 other tenants. Since taking ownership recently, the investment group has rented space to Mister Softee Ice Cream and Pasta Cucina.

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