T Square Properties and Wald Realty handle the sale of the Roma Building
T Square Properties, in cooperation with Wald Realty, has completed the sale of the Roma Building, a retail/office building complex located at 2038 Saw Mill River Rd. The property was built by Joseph Roma and maintained by the family for over 50 years. This is the first sale.
In spite of the current market, this site elicited numerous offers from well qualified local and national investors. The new owner, a local real estate investor, plans upgrades that will reposition the 24,780 s/f building as a retail center poised to capitalize on its prime location. The few available spaces are being marketed to national as well as local tenants. The buyer and transaction details were not disclosed.
East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
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