96
TUXEDO, N.Y. — Ron Mahr of Weichert Commercial Brokerage has completed the $1.8 million sale of the former Duck Cedar Inn banquet facility and inn in Tuxedo. The 25,300-square-foot building is situated on 9 acres on Route 17. The buyer, James Lantini, plans to renovate the facility into a new 15,000-square-foot retail center and move his electronics business into 10,000 square feet in the rear of the building. The new retail center, which is slated for completion September 2008, will feature units ranging from 750 to 7,200 square feet. Mahr represented the undisclosed seller in the transaction and was also retained by the buyer to market the new facility.