News:
Brokerage
Posted: August 13, 2024
Cleeman Realty Group negotiates off-market sale of 102,337 s/f Wegmans Supermarket store
Irondequoit, NY Cleeman Realty Group brokered the sale of a single tenant Wegmans Supermarket. The 102,337 s/f building is located at 525 Titus Ave. and is on a 12+/- acre site. The Wegmans is part of a larger center called Irondequoit Plaza anchored by Big Lots, Dollar Tree and Dollar General. The property is well located with a traffic count of 21,000+ vpd and access to Keeler St. Expwy.
Michael Cleeman represented the buyer and Sam Seelenfreund represented the seller.
“The buyer was drawn to the property due to its high sales volume and a lease that allowed for no landlord responsibilities,” said Cleeman.
“The seller was able to transact at a price that made sense for them to separate the Wegmans from the rest of the center,” said Seelenfreund.
Tags:
Brokerage
MORE FROM Brokerage
Koeppel Rosen inks 16-year 33,783 s/f lease for coworking firm Nomadworks at 122 West 27th St.
Manhattan, NY According to Koeppel Rosen LLC, leasing and management agent for the Rosen family portfolio, Nomadworks has signed a new 16-year, two-month lease totaling 33,783 s/f at 122 West
Quick Hits
 (2).gif)
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)