Palomar Group Arranges Sale of 53,642-Square-Foot Shopping Center in Southern New York

by Julia Sanders

Olean, N.Y. — The Palomar Group has arranged the sale of Shops at Walmart Plaza, a 53,642-square-foot shopping center in Olean. Shadow-anchored by Walmart, the center was 94 percent leased at the time of sale to tenants such as Old Navy, Pet Supplies Plus, GameStop, GNC, Supercuts, Spectrum and The Shoe Depot. Palomar Group represented the seller, Tabani Group, which sold the property to a private investor based in the Boston area for $12 million.

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