REBusinessOnline

HOULIHAN-PARNES ARRANGES STRIP CENTER PURCHASE

MAMARONECK, N.Y. — Houlihan-Parnes Realtors has arranged the acquisition of The Post Road Center, a 16,000-square-foot retail strip center located in Mamaroneck. Constructed in 1966, the center is located at 587-621 E. Boston Post Rd. It is occupied by 13 tenants, including Circle Swim Shop, Edible Arrangements, Mamaroneck Flowers, Post Restaurant and Pizza Gourmet. Jim Coleman of Houlihan-Parnes arranged the deal. The buyer, an undisclosed party participating in a 1031 exchange, plans to complete upgrades to the property. The seller was not disclosed.

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