Cleeman Realty Group is pleased to announce the $20,750,000 sale of Mid City Plaza in North Tonawanda, NY. The 210,081 SF shopping center is anchored by a high-performing Tops Market grocery store and sits on a 24.73 AC lot. The grocery store recently underwent a nearly $3M renovation to the interior and exterior of the store which has helped drive additional traffic to the subject property and boost sales for the grocery store. The property was 77% occupied at the time of closing.
Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the Buyer and Seller in this off-market transaction.
“The buyer was attracted to the strong line up of national tenants and the significant amount of upside through leasing the vacant spaces,” said Seelenfreund.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com