Struzzi, MacKnight and O'Rourke of Pyramid Brokerage completes $23m sale

Pyramid Brokerage Co. brokered the sale of the 179,909 s/f Hannaford Plaza, located at 79-95 Weibel Ave. Centro Properties sold the property for $23 million to Saratoga Retail Partners, LLC, a subsidiary of Albany-based commercial real estate developer Nigro Cos. The property is currently 100% occupied by Hannaford Brothers, Tractor Supply and Kohl's Department Store. Joyce Mawhinney MacKnight of Pyramid's Syracuse office in cooperation with Peter Struzzi and Shaun O'Rourke of Pyramid's Albany office brought together the buyer and seller to complete the transaction. "This is a great example of our regional strength as a company," said John Clark, SIOR, CRE and president of Pyramid Brokerage. "Our synergistic approach allows our clients to benefit by our commitment to work together to procure buyers for those properties we exclusively represent." Pyramid previously represented Centro's predecessor, New Plan Excel in the sale dispositions of five centers throughout the state and is currently retained by Centro Properties to represent them in the disposition of three additional centers. Pyramid Brokerage is one of upstate New York's largest and regional commercial real estate services firms with over 100 agents in 10 offices across the state. The company's service lines includes industrial, retail and office sales and leasing, market research and analysis, corporate advisory services, an investment specialty group and financial services.

Tags: Brokerage

Reprint

Previous Story Next Story

Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

VOCO Times Square Hotel features
31,466 s/f Crystal W50i Window Wall

Columns and Thought Leadership

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

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

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,

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.