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Best Buy Signs Lease At Former At Home Store In Nanuet; Relocating From Palisades Center
Metropolitan Realty Associates has signed Best Buy to a 35,500-square-foot lease at 5101 Fashion Drive, the former location of At Home, which vacated the space in December of 2025. Best Buy is the largest specialty consumer electronics retailer in North America. Best Buy will be relocating from its current location in the Palisades Center.
“The rapid re-leasing of a significant portion of our ground floor on a long-term lease to a major national retailer underscores the strength of our ‘Main and Main’ location at the intersection of Route 59 and Middletown Road,” said Joseph A. Farkas, founder and CEO of Metropolitan Realty Associates. “Visibility, accessibility, and proximity to a strong consumer base continue to make this property highly desirable.”
The loss of the tenancy is significant to the Palisades Center which recently sold to BD Palisades Holdings LLC in February in a foreclosure auction after several years of litigation when Syracuse-based Eklecco, the former owner of the mall, defaulted on a $418 million debt obligation.
In Feb. 2021, At Home opened its 101,488-square-foot location at the Shops at Nanuet on the ground floor of the former Macy’s department store. It shuttered the location as part of a bankruptcy case filed in June of 2025. Approximately 60,000 square feet of additional retail space remains available for lease.
Metropolitan Realty acquired the 213,000 square foot building on 14.6 acres in December of 2018 for $13.35 million. The building was constructed in 1969 and renovated in 1994.
JNK Realty Group Sells Congers Office Park Property For $6 Million
Jon Scott’s JNK Realty Group sold an office park property at 520 Landmark Drive in Congers to 520 Landmark LLC for $6 million.
The 26,000 square foot building on less than an acre was constructed in 2021 as part of Long Clove Business Park, a clustered office/industrial park developed by Scott’s JNK Realty Group for Metro-Wall LLC.
Financing in the amount of $4 million was provided by Toms River-based Oceanfirst Bank, NA.
Barry McKenna is the managing member of 520 Landmark Drive LLC. McKenna is a principal of ECD NY Inc., a full-service Geotechnical and Deep Foundations contractor in the Tri-State area, according to its website.
Stony Point Industrial Property Sells For $11 Million
380 SP Holding LLC sold the property at 380 Route 210 (Gate Hill Road) in Stony Point for $11 million. The buyer is Pomona-based Stony Point 380 LLC.
380 Route 210 in Stony Point, NY, is a 5+ acre industrial property featuring a large warehouse and offices, primarily associated with Absolute Medical Inc./Absolute Medical Equipment. The site has been listed for sale and is noted as a location with a cannabis license pending for Kluglino.
The property according to the Stony Point Assessment role is classified in category 449 which refers to “Other storage warehouse and distribution facilities,” This classification falls under commercial property (400-series) and covers facilities used for storing goods, including warehouses that do not fit into more specific categories like cold storage or mini-warehouses.
Holt Drive Stony Property Sells For $5 Million
Silber Properties LLC sold the property at 15 Holt Drive in Stony Point to Garnerville-based A&S RE Realty VI LLC. The purchase price was $5 million. A&S RE Realty VI is managed by Artur Kondov.
Financing in the amount of $2.6 million was provided by Utah-base Finwise Bank.
15 Holt Drive is a 2-acre, multi-tenant light industrial/commercial site that houses several businesses, primarily focused on beauty and skincare products. The 20,000 square foot building was constructed in 1966.
