News: Brokerage

Scheer and Seelenfreund of Cleeman Realty Group arrange $3.2m off-market sale of South Plaza

Norwich, NY Cleeman Realty Group brokered the off-market sale of South Plaza. The 141,402 s/f shopping center was 56% occupied at the time of closing and features a lineup of national tenants including Tractor Supply Company, Dollar General, and Aaron’s. The property is on a 34.22-acre site off the New York State Rte. 12.

Jeremy Scheer and Sam Seelenfreund of Cleeman Realty Group represented the buyer and Dominic Pavia of Pavia Real Estate represented the seller.

“The buyer was attracted to the tenant lineup and upside potential at this location,” said Seelenfreund.

Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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 CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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