Philips International is very pleased to announce these three lease transactions
Pittsfield, MA (PRWEB) November 11, 2010
Philips International, one of the most active investors and developers in the real estate industry, has announced three retail lease transactions at Allendale Shopping Center, its three-level, 260,000-square-foot shopping center in Pittsfield, Mass.
Glenn Langenback, property manager for Allendale Shopping, LLC, represented Philips International in the following transactions:
- Simmons Lifestyle Furniture, a family-based furniture business formed in 1879, is leasing 14,840-square-foot of space between Steven's World of Flooring and Berkshire Fabric and Wallpaper. Simmons Furniture will use the space for the sale of custom furniture, home furnishing and accents. This is the third location for the company. The new store will feature higher-end specialized furniture than all their existing stores.
- Steven's World of Flooring, a local retailer, of floor-coverings for almost 100 years, signed a lease for 8,100 square-feet of showroom space and 12,300 square-feet of adjacent warehouse space. Steven's World of Flooring relocated all of its business operations on a single floor. A completely redesigned showroom and expanded warehouse showcases the company's extensive inventory. In relocating, Steven's World of Flooring's Showroom is returning to its original location, where it operated as one of the Allendale Shopping Center's first tenants when it opened in 1955.
- Aroma Bar and Grill, has signed a 4,428-square-foot lease. The restaurant serves traditional Indian cuisine, steak and seafood. Aroma Bar and Grill has a second location in Great Barrington, Mass.
"Philips International is very pleased to announce these three lease transactions," stated Seth Pilevsky, managing director of Philips International.
"Simmons Lifestyle Furniture and Aroma Bar and Grill will add to the already diverse mix of nearly 40 specialty shops located at the complex."
"Steven's World of Flooring has been a tenant at Allendale Shopping Center for many years, and we are happy to have been able to accommodate the company's plans."
Allendale Shopping Center, Pittsfield's first shopping center has been serving the local community since 1955, and features 211,951 square feet of gross leasable area. Located at 5 Cheshire Road, the shopping center is convenient to the region's major highways.
About Philips International
Founded over 30 years ago by Philip Pilevsky, Philips International is one of the most active investors and developers in the real estate industry. Philips International specializes in the acquisition, development and management of property in the retail, office, residential and hotel sectors. The company's holdings span more than 200 properties and include such notable assets as the Bryant Park Hotel in Manhattan; The Corner, a new luxury rental building on the Upper West Side of Manhattan; and Grand Park Office Condominiums, a new office condominium development in Midtown Manhattan at 40th Street and Park Avenue.
Philips International has offices in New York, Delaware, Florida and Texas. For more information, visit their website at http://www.pihc.com.