DANBURY, Conn., April 1, 2009 (GLOBE NEWSWIRE) -- Athena Real Estate, LLC announced that an affiliate was engaged to provide property management services related to the Horace Greeley Village Shopping Center in the prestigious town of Chappaqua, New York. The well-located Horace Greeley Village Shopping Center is anchored by a New York based grocer and has five other tenants. The center is located at 64 Bedford Road, Chappaqua, New York 10514. There is one store vacant with approximately 1,200 square feet. The owner is seeking a small retailer, a professional, or restaurant for the vacant space.
Athena Real Estate, LLC continues to seek property acquisitions with strong cash flows, but recently as a result of the downturn, is emphasizing asset and property management services. Richard O'Brien, Chief Executive Officer & Founder stated: "We are early in the commercial real estate downturn and with the current disconnect in the market between buyers and sellers, we decided to turn to advisory services to continue to grow our company."
The Horace Greeley Village Shopping Center is proudly owned by the same family since its development over 50 years ago. Stephen Nardozzi, one of the owners, stated: "We are pleased to engage Athena Real Estate, LLC and its affiliate to manage the shopping center. With the recent softness in the retail market, we decided to engage an experienced commercial real estate firm, and believe that Mr. O'Brien and his team will provide value-added property management services to retain and improve the value of our center."
O'Brien added: "We are targeting lenders and owners for other East Coast asset and property management engagements. Our high quality value-add services may be delivered across retail, multi-family, self storage, and other specialized collateral types."
Athena Real Estate, LLC is located at 100 Mill Plain Road, 3rd Floor in Danbury, CT 06811.
About Athena Real Estate
Athena Real Estate, LLC (www.AthenaRealEstate.com) is a commercial real estate investment and advisory firm. The Company's operating philosophy is to obtain premium returns by acquiring value-added opportunities where focused management can provide a competitive advantage. Athena was founded by Richard J. O'Brien, who is a former executive of a mid-cap public REIT and a large real estate financial services and investment company.