Pyramid Brokerage completes sale of Hannaford Plaza in Saratoga Springs

Pyramid Brokerage Company recently brokered the sale of the 179,909 s/f Hannaford Plaza, located at 79-95 Weibel Ave. Centro Properties sold the property for $23 million to Saratoga Retail Partners, LLC, a subsidiary of Albany based commercial real estate developer Nigro Cos. The property is currently 100% occupied by Hannaford Brothers, Tractor Supply and Kohl's Department Store. Joyce Mawhinney MacKnight of Pyramid's Syracuse office in cooperation with Peter Struzzi and Shaun O'Rourke of Pyramid's Albany office brought together the buyer and seller to complete the transaction. "This is a great example of our regional strength as a company," said John Clark, SIOR, CRE and president of Pyramid Brokerage. "Our synergistic approach allows our clients to benefit by our commitment to work together to procure buyers for those properties we exclusively represent." Pyramid previously represented Centro's predecessor, New Plan Excel in the sale dispositions of five centers throughout the state and is currently retained by Centro Properties to represent them in the disposition of three additional centers. Pyramid Brokerage Co. is one of Upstates New York's largest and only regional commercial real estate services firms with over 100 agents in 10 offices across the state. The company's service lines includes industrial, retail and office sales and leasing, market research and analysis, corporate advisory services, an investment specialty group and financial services. As a member of the Cushman & Wakefield Alliance of independently owned and operated affiliates, Pyramid partners with the world's largest privately held real estate services firm with over 12,000 professionals in locations across the globe. For more information, visit pyramidbrokerage.com.