Philips International Signs Green Olive Bistro to Long-Term Lease at Philips Plaza in Lynbrook, N.Y.

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Bistro To Serve Lynbrook Community

We're thrilled to welcome the Green Olive Bistro to Philips Plaza

Michael Pilevsky, managing director of Philips International, one of the country's leading developers of retail shopping centers, has announced that Green Olive Bistro has signed a long-term, 4,678-square-foot lease at Philips Plaza, located at 693 Sunrise Highway in Lynbrook, N.Y.

The Green Olive Bistro, a Mediterranean café, is perfectly situated on one of the busiest intersections of New York State's Route 27 in Long Island.

"We're thrilled to welcome the Green Olive Bistro to Philips Plaza," said Pilevsky. "The restaurant is a quality family oriented establishment that will fit in perfectly with the Lynbrook community and complement our shopping center."

Philips Plaza is a 31,000-square-foot shopping center, located in bustling Nassau County, N.Y. It is conveniently located across the street from Lynbrook's Long Island Rail Road Station. In addition to Green Olive Bistro, major tenants include Sterling Optical, Starbucks, Entenmann's, Fed-Ex Kinkos, Sally Beauty and Bank of America.

Lynbrook is comfortably situated in the suburb of Western Long Island, but in close proximity to New York City. Philips Plaza is located on Sunrise Highway, a major Long Island thoroughfare that runs through Queens, Nassau and Suffolk Counties, and is minutes from the Southern State and Meadowbrook Parkways.

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.

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Cassandra Carpio
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