Metropolitan Realty Associates LLC (MRA), led by CEO and Founder Joseph A. Farkas, has signed Best Buy to a 35,500-square-foot lease at 5101 Fashion Drive in Nanuet, N.Y.
Best Buy will occupy a portion of the ground floor of the former Macy’s building within the Shops at Nanuet, as part of MRA’s ongoing repositioning of the anchor space previously occupied by At Home, which vacated the property at the end of 2025.
“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 Farkas. “Visibility, accessibility and proximity to a strong consumer base continue to make this property highly desirable.”
The transaction represents a key milestone in MRA’s strategy to reposition and strengthen the property’s anchor tenancy.
Jeffrey Howard, vice chairman of Ripco Real Estate, represented Best Buy. David Landes and Zach Landes of Royal Properties represented Metropolitan Realty Associates and serve as the exclusive leasing agents for the property.
