News: Brokerage

Delisle of Island Associates and Gorman of CBRE negotiate $5.711 million sale of QuickChek property

Roger Delisle,
Island Associates

New Windsor, NY Roger Delisle of Island Associates, purchaser’s broker, along with Matthew Gorman of CBRE, seller’s broker, successfully negotiated and closed the purchase and sale of a net QuickChek property located at 170 Windsor Hwy., Rte. 32 for a purchase price of $5.711 million.

The property consists of a 2.9 acre parcel with a 7,254 s/f QuickChek market with 10 gas dispensers (20 pumps) and a drive-thru car wash.  QuickChek has a 10-year operating history at the site and entered a new corporately guaranteed 20-year NNN lease agreement at the closing.  

QuickChek operates over 145 locations in the northeast.  The closing occurred in early November and was part of a successful 1031 exchange and acted as the replacement property for the purchaser. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking