News: Outside The Region

Delisle and Monahan of Island Associates Real Estate purchase 7Brew Coffee

Pensacola, FL Roger Delisle and Robert Monahan of Island Associates Real Estate Inc. successfully negotiated and closed the purchase of a newly constructed 7Brew Coffee consisting of a 773 s/f building with double drive-thru lanes on 0.97 acres and located at 5309 N. Davis Highway. The property is a newly developed 7 Brew Coffee with a 15-year base lease term on Home Depot pad site. Delisle and Monahan were able to negotiate favorable terms for the purchaser, who is a long term client of Island Associates, to purchase the newly developed site from the developer. The property is located in a densely populated area with significant traffic count. 7Brew is a rapidly expanding operator of drive-thru coffee locations currently operating over 300 stores with hundreds more in various stages of development.

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Kasowitz gets dismissal of lawsuit against developer of American Dream Mall

East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior
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