French and Dalzell of SVN rep. seller for $1.925m Valu Home Center; Nuchereno of Arista R.E. assists

Sperry Van Ness, (SVN) has completed the sale of the Valu Home Center to the tenant for $1.925 million. The center is located at 1118 Groton Ave. (Rte. 222). Joseph French, Jr., CCIM and Thomas Dalzell of SVN represented the seller, a private real estate investment firm based in New York City. Robert Nuchereno of Arista Real Estate represented Value Home Centers, a regional home center chain. The 50,450 s/f building situated on 5.19 acres is located near the State University of N.Y. The buyer occupied the premises under a sublease from Tops Markets. By creating competition, SVN was able to drive up the price and achieve a higher value for the seller. Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 990 advisors in over 150 locations. Sperry Van Ness delivers results for clients through a proven business model that immediately markets every one of its clients' properties to the entire brokerage community as well as its own investor data base. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness represents clients in billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit www.svn.com.