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
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional