Cleeman Realty Grp. closes 453,350 s/f Wegmans portfolio in Upstate NY

 

 

Hornell, NY A Wegmans Portfolio, a 453,350 s/f grocery-anchored retail portfolio comprising Hornell Plaza in Hornell, and Genesee Valley Shopping Center in Geneseo. Both properties are anchored by Wegmans Food Markets and feature a lineup of national retailers, including Walmart, Tractor Supply, TJ Maxx, Harbor Freight, Five Below, and Dollar Tree.

The Cleeman deal team consisted of senior vice president Sam Seelenfreund and president Michael Cleeman.

Hornell Plaza, a 253,603 s/f shopping center off NY-36, is dual-anchored by Wegmans Food Markets and Walmart, providing a combination of grocery and general merchandise retail. 

Genesee Valley Shopping Center, a 199,747 s/f retail property at 4348 Morgan View Rd., is anchored by Wegmans and features a complementary mix of national retailers, including Tractor Supply, TJ Maxx, Harbor Freight, Five Below, and Dollar Tree.

Wegmans has maintained a presence at both properties since the 1990s, with recent long-term lease extensions at each location, and are said to be extremely high performing locations. The longstanding grocery tenancy and diverse national retailer mix reinforce the properties’ positions as established shopping destinations serving their respective communities.

This marks Cleeman Realty Group’s third sale of a Wegmans property.