KEMPNER PURCHASES SYRACUSE SHOPPING CENTER FOR $22M

by admin

SYRACUSE, N.Y. — The Kempner Corporation of White Plains, N.Y., has purchased Western Lights Shopping Center, a 243,000-square-foot grocery-anchored shopping center in Syracuse, for $22 million. The center sits on 26 acres on Onondaga Boulevard and is 97 percent occupied by tenants like Price Chopper Supermarket, Fashion Bug and Aspen Dental. First mortgage financing was provided by New York City-based Ladder Capital Finance. Franklin Cohen of Donald Zucker Co. acted as the mortgage broker in the transaction.

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