Spencerport, N.Y. — Legacy Realty Group Advisors has arranged the sale of Spencerport Village Plaza, a 99,306-square-foot shopping center located in Spencerport, roughly 11 miles outside Rochester. Tops anchors the property. Daniel Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Monroe, New York — Two new tenants have signed leases at Harriman Commons, a 706,243-square-foot retail center located in Monroe. Five Below will open an 11,012-square-foot store, and Rightly Dental is now seeing patients within a 1,650-square-foot space. These tenants bring occupancy at the property to 98 percent. Burlington also recently opened at the center, with a 23,986-square-foot store, and plans are underway for the addition of a BJ’s Fueling Station and 3,000-square-foot drive-thru restaurant. Construction on the gas station is scheduled to begin this quarter.
New York City — New York City-based Legacy Realty Group Advisors has brokered the $60 million sale of a portfolio comprising 40 Dollar General-leased stores in the Southeast. Jacob Baruch and Daniel Baruch of Legacy represented the buyer, a net lease REIT, and seller, a private developer, in the transaction.
Clifton Park, N.Y. — Axiom Capital Corp. has arranged a $38.5 million loan for the acquisition of a retail center located in Clifton Park. Comprising six buildings located on five parcels, the property was fully leased at the time of financing to 64 tenants. The borrower was not disclosed.
Riverhead, N.Y. — JLL Capital Markets has arranged the sale of Riverhead Centre, a 395,000-square-foot retail center located on Long Island in Riverhead. ShopRite and The Home Depot anchor the property, which comprises nine buildings and was 99 percent leased at the time of sale. Other tenants include Best Buy, Petco, Michaels, DSW, Famous Footwear, Barnes & Noble, Ashley Home Store and IHOP. Jose Cruz, Kevin O’Hearn, J.B. Bruno and Mark Belenky of JLL brokered the transaction on behalf of the seller, an entity doing business as AFL-CIO Building Investment …
Port Chester, N.Y. — Simone Development Cos. has signed three new tenants to Post Road Plaza in Port Chester. Together, the leases total more than 4,000 square feet. Nothing Bundt Cakes has signed a long-term lease for 1,760 square feet at the property, and Nailed It Spa and European Wax Center will occupy 1,000 and 1,534 square feet, respectively. Joanna Simone, Hannah Coyman and Rob Carinci of Simone negotiated leases on behalf of the ownership, alongside Scott Meshil and Karnit Mosberg of Royal Properties Inc. Sean Heneghan and Patrick Doyle …
New York City — Northmarq has arranged $22 million for the refinancing of Village Greens Shopping Center in New York City. Built in 1989, the 75,697-square-foot property is anchored by Key Food Supermarket, CVS/pharmacy and JP Morgan Chase Bank. Robert Delitsky and Dylan Hamer of Northmarq secured the permanent-fixed rate loan through Nationwide Life Insurance Co. on behalf of the borrower.
Yorktown Heights, N.Y. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of The Shoppes at Jefferson Valley Mall, a 153,151-square-foot property located in Yorktown Heights. The four-suite building was 24.2 percent occupied at the time of sale. Built in 1983, The Shoppes at Jefferson Valley Mall is situated on 12 acres adjacent to Jefferson Valley Mall. 24 Hour Fitness is a tenant at the property, and Funtime Entertainment has a license to use 2,500 square feet of space within the building for storage. Joseph French, Jr. …
Los Angeles — Matthews Real Estate Investment Services has brokered the $20.1 million sale of a portfolio comprising 12 single-tenant retail properties. Located in Alabama, California, Florida, Georgia, Illinois, Mississippi, New York, North Carolina, Texas, Virginia and Washington, the properties are all occupied by Napa Auto Parts on a net-lease basis. Brandon Perez and Bill Pedersen of Matthews arranged the sale on behalf of the undisclosed limited liability company. A publicly traded REIT purchased the portfolio.
Hamburg, N.Y. — Cushman & Wakefield has arranged the sale of two adjacent retail centers comprising a total 416,544 square feet in Hamburg. Located at 4408 Milestrip Road, the first center, BJ’s Plaza, is anchored by BJ’s Wholesale Club and was fully leased to 10 tenants at the time of sale. The Home Depot anchors the second property, McKinley Milestrip, which is located at 4405 Milestrip Road and was 94 percent leased to 20 tenants at the time of sale. The centers comprise 176,045 and 240,499 square feet, respectively. Gary …
