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T Square Properties, Inc. |
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| News / Highlights |
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| Sensormatic Electronics Corporation Leases 5,500 sf in Montvale, NJ |
Sensormatic Electronics Corporation, a subsidiary of Tyco International has leased 5500 square feet for a five year term at 28 West Grand Avenue, Montvale, NJ. Tyco International is a global, diversified company employing over 240,000 people across four business segments including Electronics, Fire & Security, Healthcare and Engineered Products & Services.
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| New Plasan USA Headquarters in Valhalla, NY - 3,600 sf |
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| Plasan USA, a wholly owned subsidiary of Plasan Sosa has leased 3600 square feet at 465 Columbus Avenue, Valhalla. This location will function as the headquarters for Plasan’s US operations which include production of armor products. |
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| Edible Arrangements Opens a New 1,200 sf Retail Location in White Plains, NY |
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| Edible Arrangements has opened a new 1200 square foot retail location at 288 Mamaroneck Avenue, White Plains. Edible Arrangements specializes in the creation of fresh fruit arrangements in a variety of styles and sizes. They are growing internationally with stores throughout the US, Canada, Puerto Rico and UK. |
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Yes! You Can Purchase Commercial Property with 10% Down
If you are a small business owner who is considering buying your own commercial space, the Small Business Administration’s 504 Loan Program can provide 90% financing.
Program Highlights
Benefits:
• 10% Down Payment / Borrower’s Equity
• Attractive self amortizing fixed interest rates, tied to Treasury rates
• Exempt from NYS Mortgage Recording Tax
• Closing costs / soft costs may be included in project financing Eligibility:
• Owner occupancy requirements – 51% existing buildings, 60% new
• $2.5 million or less in net income for previous two years
• Tangible net worth less than $7 million
Use of Funds
• Land acquisition and improvements
• Building acquisition and/or construction
• Machinery and equipment
(Note: Not available for refinancing debt)
Loan Amounts
• $1.5 million for standard loans
• $2 million for public policy loans (majority owned by women, minorities or veterans)
• $4 million for manufacturing companies
Contact T Square Properties for additional information or visit www.westchesterny.org |
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| New Leases Executed at 359 Main Street, Mount Kisco, NY |
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T square Properties announces 2 new lease transactions at 359 Main Street, Mount Kisco, NY. Pinnacle Tax occupies 1000 square feet on floor 1 offering accounting and tax services. Community Hearing is relocating its offices to 916 square feet on floor 4 for specialty hearing related procedures and hearing aides.
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