CBRE|Syracuse Facilitates Sale of Retail Property for Redevelopment in Fayetteville, New York
The buyer plans to demolish one building and renovate the remaining building, at 6901 E. Genesee St. in Fayetteville, N.Y., for use as a Verizon Wireless distributor location.
FAYETTEVILLE, N.Y. — CBRE|Syracuse has arranged the sale of a retail property located at 6901 E. Genesee St. in Fayetteville. A Miami-based private buyer acquired the two-building asset, which totals 7,285 square feet, from Lyndon Corners Plaza. The buyer plans to raze one building and renovate the remaining 3,000-square-foot building for use as a Verizon Wireless distributor location. Ed Kiesa and Marty Dowd of CBRE|Syracuse represented the seller, while Michael Hotarek of Eastern Retail Properties represented the buyer in the transaction.