MARCUS & MILLICHAP ARRANGES SALE OF TWELVE CORNERS SHOPPING CENTER

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BRIGHTON, N.Y. — Marcus & Millichap has completed the $9.13 million sale of Twelve Corners Shopping Center, a 96 percent occupied, 29,414-square-foot center located at the intersection of Monroe Avenue, Elmwood Avenue, and South Winton Road in Brighton. Tenants include Panera Bread, Starbucks, HSBC Bank, Federal Express, Super Cuts and Subway. Mark Taylor and Dean Zang of Marcus & Millichap’s Philadelphia office represented the seller, GDC Randolph Crossing. The buyer, Brighton Corners, was represented by Steven Stoehrer of Marcus & Millichap’s Manhattan office. The center was sold for a 7.16 percent capitalization rate.

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