REBusinessOnline

COHEN & CO. ARRANGES $30 MILLION RETAIL SALE

SYRACUSE, N.Y. — The New York City office of Cohen & Company, Inc. Real Estate has arranged the sale of Shop City Shopping Center, a 240,000-square-foot community retail center located in Syracuse, for approximately $30 million. Anchors at the center include P&C Foods, A.J. Wright, Value Home Center, Dollar Tree, Advance Auto Parts and Eckerd. Other tenants include M&T Bank, HSBC Bank, McDonald’s, Rent-A-Center, Citizens Bank and Partners Trust Bank. Helen Putterman and Vera Thomas of Cohen & Co. represented the seller, a privately held company based in the Southeast, and procured the buyer, a New York City-based company completing a 1031 exchange.

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