News:
Brokerage
Posted: August 2, 2016
Schiller of Pyramid Brokerage and Quinn of Mission Commercial handle $4 million sale
Benjamin Schiller, Pyramid Brokerage Co.
2055 Niagara Falls Blvd - Amherst, NY
Michael Quinn, Mission Commercial Realty
Amherst, NY According to Cushman & Wakefield/Pyramid Brokerage Company and Mission Commercial Realty, Rockey and Ling Ren, through Asian Center Mall LLC have purchased a former Walmart Superstore property located at 2055 Niagara Falls Blvd. from an affiliate of developer Benchmark Group. The sale price for the 125,000 s/f store on 26 acres was $4 million.
Benjamin Schiller of Pyramid Brokerage Co., a Cushman & Wakefield alliance member, and Michael Quinn of Mission Commercial Realty handled the negotiations for the transaction.
According to Schiller, Asian Center Mall LLC is “still formulating an ultimate plan” but will be redeveloping the facility into an Asia Food Market which will occupy “a good portion of the building.”
Tags:
Brokerage
MORE FROM Brokerage
CM&B completes Activate Games’ NYC debut in Union Square
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
Quick Hits
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
.gif)
August Promotion
