Cleeman Realty Group is pleased to announce the $15,950,000 sale of Cortland Grand Union Plaza in Cortland, New York. The 133,846 SF shopping center is anchored by a high-performing Grand Union grocery store and sits on a 21.60 AC lot. The grocery store had been a Tops Supermarket from 1999 until recently when C&S Wholesale Grocers acquired the site as part of the Tops/Price Chopper merger in late 2021. The property was 98% occupied at the time of closing.
Sam Seelenfreund of Cleeman Realty Group represented the buyer in this transaction and Steven Koutsantonis (Cedar William) represented the seller.
“The buyer was attracted to the strong line up of national tenants and high-performing grocery anchor,” 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