BJ’s Plaza. Picture courtesy of Cushman & Wakefield
Northpath Investments has acquired BJ’s Plaza and Milestrip Heart, two retail facilities totaling 416,544 sq. toes in Hamburg and Buffalo, in upstate New York. Cushman & Wakefield and Pyramid Brokerage Co. brokered the deal on behalf of the vendor, a three way partnership between DRA Advisors and DLC Administration Corp. The earlier possession picked up the property in 2016 for a complete of $45.5 million, in response to CommercialEdge.
BJ’s Wholesale Membership serves as the principle anchor tenant for the 176,045-square-foot BJ’s Plaza, which additionally boasts full occupancy, with 10 different tenants. The 240,499-square-foot Milestrip Heart is anchored by Dwelling Depot and was 94 % occupied on the time of the deal, together with 20 tenants.
Milestrip Heart. Picture courtesy of Cushman & Wakefield
Positioned at 4405 and 4408 Milestrip Highway, respectively, each buying facilities are positioned on the intersection of Milestrip Highway and McKinley Parkways, providing connectivity to Interstate 90.
Cushman & Wakefield Govt Vice Chairs Gary Gabriel and David Bernhaut, Vice Chair Brian Whitmer, Govt Director Frank DiTommaso and Affiliate Director Max Helfman, together with Pyramid Brokerage Co. Affiliate Actual Property Dealer Ben Borruso, represented the vendor within the transaction.
