Curley and Ehmann of CBC Prime Properties closes $3.4 million sale

According to Coldwell Banker Commercial Prime Properties, the company completed the $3.4 million sale of a 38,000 s/f shopping center on 5 Maple Rd. According to Todd Curley, a broker at Coldwell Banker, the shopping plaza includes a Nichols' Shop 'n Save, Key Bank and five smaller tenants. Curley represented Maple TOV LLC, a private Brooklyn investment group that purchased the property. Paul Ehmann of Coldwell Banker represented the seller, 5 Maple Rd. Realty Co. The private deal shortly after the purchase of the Nichols Shop 'n Save by Hannaford Bros. Nichols' Shop 'N Save was previously owned by Kevin Smith, who also recently sold a West Sand Lake supermarket to Hannaford. "The sale of the shopping center was unrelated to the sale of the supermarket," Curley said. "The Brooklyn investors signed the purchase contract eight months ago." "They're looking for investments in upstate New York," Curley said. "They've acquired other properties in the region."

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Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site

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