Find Your Daily Voice
GO
Tag:
Lease Agreements
Kingston, NY
On Your Side
Popular Locally Owned Restaurant Doing Battle With New Shake Shack
The owner of a small restaurant that serves up some of the best hot dogs around is attempting to go up against a national leasing corporation saying it is violating his lease agreement by bringing in the mega-popular Shake Shack. James Barracato, the owner of the Dawg House in Rockland Plaza in Nanuet, says the new Shake Shack will directly compete with his business by selling the same items he does, including hot dogs, burgers, and chicken. And that competition, Barracato says, violates an exclusivity clause in his $7,000 a month lease with the Brixmore Property Group that says it will no…
Elizabeth, NJ
Your Community
Longtime Union Christmas Tree Lot Loses Its Location, May Not Reopen
For decades Christmas trees were sold at a spot in Union. But not this year. In a Facebook post addressed to his "loyal and valued customers", Anthony Bentivegna announced that he will no longer be selling trees from a lot at 48 Morris Ave. "After 20 years," Bentivegna wrote, the landlord declined to renew his lease for the spot. He managed to find a new location, but said a shortage may make it impossible for him to sell trees this year. "I will keep you posted," Bentivegna also wrote.
Paramus, NJ
On Your Side
Big Lots Taking Over Paramus Toys R Us
Big Lots is on its way to Paramus. The discount chain last year purchased the remaining 12-year lease on the 36,000-square-foot Toys R Us store on Ridgewood Avenue for $2.75 million, according to TheRealDeal.com. That's $6.50 per square foot annually, compared to $30 (had the chain signed a new lease on a larger space). The vacant space was transformed into a Spirit Halloween store last fall. Big Lots is known across 47 states for its closeout buys and massive furniture markdowns. No word yet on opening date.
Paramus, NJ
On Your Side
Paramus Toys 'R' Us Landlord Wants Lease Blocked From Raymour & Flanigan
Not so fast, Raymour & Flanigan. Less than two weeks after the furniture store bid $1.3 to take over the lease of the Route 4 east Toys R Us store in Paramus, the building's landlord has asked Bankruptcy Court to block the sale, NorthJersey.com reports. Property owner N.T. Hegeman Co., Ltd., cites a provision in the 46-year-old building lease prohibiting assigning the lease to furniture stores, the article says. Prior to the request, the Paramus store was among the 20 on the auction block in the U.S. that received winning bids from someone other than their own landlords, according to a…
New City, NY
On Your Side
Suez
Extends $1 Lease Agreement On Stony Point Town Pool Property
SUEZ and the Town of Stony Point announced an agreement this week to extend a land lease by 20 years on a 42-acre parcel used by the town for its pool. The $1 annual lease allows the town to continue to operate the pool on the 42-acre property until 2038. The lease agreement has been in place since 1984. Under the terms of the new agreement, the town is responsible for all activities related to the maintenance of the property and facilities. Stony Point Supervisor Jim Monaghan said the new lease agreement allows the town to invest $100,000 to upgrade the facility. The town also uses t…
