CBRE-Albany secures $165,000 sale and 6,000 s/f retail lease; Davitt reps purchaser of 54 James Street in Albany

CBRE-Albany arranged the following sale and lease transaction: * The sale of 54 James St., a 1,100 s/f two-story building. Dan Davitt of CBRE-Albany represented the purchaser, Corinne Luft, and TL Metzger represented the seller, Adrian Berezansky. The property transferred for $165,000. Luft plans to maintain her current operations - "Mug Shots CafÃ©." * A lease of 6,000 s/f at 639 New Loudon Rd., Saints Plaza, Latham to Fancy Schmancy. John MacAffer and John Tracy of CBRE-Albany represented the tenant, Couturiere Designs, Inc. and Falvey Real Estate Group represented the landlord, Saints Plaza, LLC. Fancy Schmancy is currently open for business. CBRE-Albany is an affiliate office of CBRE. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is one of the world's largest commercial real estate services and investment firms (in terms of 2012 revenue). The company has 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide.

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