Michael Cervelli Announced the 25 Year Corporate Backed Lease of an 11,000 SF Lot to IHOP Franchise
The site located on Bruckner Boulevard in the Bronx was listed with Cervelli Real Estate and drew much attention from many national tenants. Ultimately the landlord decided to proceed with IHOP given its corporate financials and the operator’s experience. Chris Cervelli, CCIM led the negotiations between the owner and the tenant who will be developing the property to house the new restaurant.
