Ross Dress For Less Leases 23000 Square Feet At Plaza 44 In Poughkeepsie
47 Burnett Boulevard
Building Size
23,000 SF
Asset Type
Retail
Closing
Jan 12, 2026
AI
The asset involved in this transaction is a retail space located at 47 Burnett Boulevard in Poughkeepsie, with a total square footage of 23,000. The property is part of Plaza 44, a grocery-anchored shopping center that spans 165,000 square feet and is situated north of New York City.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 47 Burnett Boulevard
- Market: Poughkeepsie
- Tenant: Ross Dress for Less
- Landlord's Representative: Deborah Stone & Jason Pennington - Ripco
- Tenant's Representative: Brian Katz & Amy Staats - Katz & Associates Real Estate Advisors
The deal involves prominent representatives from both sides, with Deborah Stone and Jason Pennington representing the landlord through Ripco, and Brian Katz and Amy Staats representing the tenant via Katz & Associates Real Estate Advisors. Each party plays a crucial role in the leasing process of the retail space.
Players
Poughkeepsie Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93