News: Brokerage

Vanguard-Fine completes $1.25 million sale and 8 leases totaling 34,973 s/f

Kenneth Brownell is with Vanguard-Fine, LLC Kenneth Brownell, Vanguard-Fine, LLC
Barry Feinman is with Vanguard-Fine, LLC Barry Feinman, Vanguard-Fine, LLC

Wilton, NY Vanguard-Fine, LLC recently completed the following transactions:

• Barry Feinman and Kenneth Brownell of Vanguard-Fine, LLC and Gerard Wise of Roohan Realty  brokered the sale of 4.79 acres on Rte. 50 for $1.25 million between FFBWood #2, LLC and Alan Rhodes, trustee of the Gick Road Charitable Remainder Unitrust. This property will be a new retail center.

• Brownell and Feinman brokered a 10-year lease between Harbor Freight Tools and Gator Transit Partners Ltd. The 15,040 s/f store is located at Transit Road Plaza, in Lockport.

Steven Lerner, Vanguard-Fine, LLC
Christopher Farrell, Vanguard-Fine, LLC

• Feinman, Brownell and Steven Lerner of Vanguard-Fine, with Binglin Li of Keller Williams Realty, brokered a 10-year lease between Aoxiang LLC dba Sake Bon II and Plaza P&M, LLC. The 3,000 s/f restaurant is located at 1702 Chrisler Ave. in Rotterdam.

• Brownell and Feinman, with Steve Powers of Nigro Cos., brokered the seven-year lease between Marello Restaurant Group, LLC and Tri-City Rental. The 1,800 s/f restaurant is located at Park South, 33 New Scotland Ave. in Albany.

• Feinman and Brownell brokered the three and a half-year lease between Everything Pets & Supplies and Russell Road Associates. The 6,000 s/f store is located at Westgate Plaza in Albany.

• Brownell, Feinman and Christopher Farrell of Vanguard-Fine brokered a three-year lease between Michelle Messiha and Mohammed Jehan and Alex Bana. The 1,200 s/f  used car dealership is located at 1708 State St. in Schenectady.

• Lerner, Feinman and Brownell, with Brett Baxt of the Howard Group brokered a five-year lease between AARRVIKA INC dba Dollar Power Plus and Colonie Realty Associates NY, LLC. The 2,975 s/f store is located at Kohl’s Plaza, 1814 Central Ave. in Albany.

• Feinman and Brownell, with Alex Kutikov and Gordon Heeps of RedMark Realty, brokered a 10-year lease between Uncommon Grounds and Windsor Development. The 3,379 s/f restaurant is located a t 9 Clifton Country Rd. in Clifton Park.

• Farrell, Feinman and Brownell, with Michael Hotarek of Eastern Retail Properties, brokered a five-year lease between The Wireless Center, Inc. and Delaware Plaza, LLC.  The 1,579 s/f store is located in Delaware Plaza in Delmar.

MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced