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Brokerage
Posted: December 11, 2012
Socia of Sutton Cos. brokers sale of 71,644 s/f Gouverneur Center
The Sutton Companies sold Gouverneur Center. The property is a 71,644 s/f neighborhood retail center situated on 7.56 acres, and located at 471 East Main St., aka US Rte. 11, the main highway running thru the North Country region.
Larry Socia, retail director from Sutton represented Consolidated Properties LLC the purchaser in the transaction, while Dominic Pavia, president of Pavia Real Estate Services represented the seller, Gouverneur Center Development LLC. The sale price is undisclosed.
Gouverneur Center is anchored by Tractor Supply Company, Peebles and Family Dollar with Monro Muffler on a freestanding outparcel. Kinney Drugs utilizes rear space as warehouse for their corporate headquarters which are located directly across the highway from the shopping center. New ownership plans to enhance the property with exterior building & grounds renovations, retenanting and possible future expansion to accommodate additional tenants.
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