Sky Capital Group Purchases Four Retail Plazas In Western New York For $29.8M

Sky Capital Group has acquired four retail plazas anchored by Tops in the market areas of Concord, Alden, Medina, and Niagara Falls. The sale includes properties located at 172-252 South Cascade Drive, 12775 Broadway Street, 11200 Maple Ridge Road, and 1000 Portage Road for a total sale price of $29,800,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $29,800,000
• Buyer: Ben Medetsky - Sky Capital Group
• Seller: Robert Gershon - Gershon & Co.
• Market: Concord, Alden, Medina & Niagara Falls
• Partnership: Sky Capital Group partnered with NETSTREIT on three of the properties while retaining full ownership of the Alden location.

The transaction featured key individuals including Ben Medetsky representing Sky Capital Group and Robert Gershon representing Gershon & Co., ensuring a smooth deal process for the acquisition of these retail assets.