Sperry Van Ness completes $12.5 million sale of Syracuse Price Chopper SuperCenter

Sperry Van Ness, one of the nation's largest commercial real estate brokerage firms, has completed the sale of a 67,000 s/f single-tenant retail center fully occupied by Price Chopper SuperCenter, for $12.5 million to a private 1031 Exchange buyer from California. The property is located at 2525 Erie Blvd. East. Joseph Pietrafesa II of Sperry Van Ness and Anthony Pugliese of TAP Capital represented the seller, Cor Erie Blvd. LLC. The buyer represented itself. The property was constructed for Golub Corps.' Price Chopper SuperCenter in 2000 and is situated at the intersection of Midler Ave. and Erie Blvd. and is shadow-anchored by Lowe's Home Improvement. The property features an upscale look and a sit down food court.