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

Property Image
SOLD
$29,800,000

New York

See Similar Deals
Retail
Sold 01/23/2026
the dealdetailscomps
Property Image
SOLD

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

12775 Broadway Street

See Similar Deals
Retail
Sold 01/23/2026
the dealdetailscomps

Summary

NEW YORK
Asset Type:Retail
Transaction Type:Sale

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.

Players

GC
Gershon & Co.
SELLER

Details

SOLD
IMAGE: Robert Gershon DATE: 01/23/2026 ADDRESS: 172-252 South Cascade Drive, 12775 Broadway Street, 11200 Maple Ridge Road & 1000 Portage Road MARKET: Concord, Alden, Medina & Niagara Falls ASSET TYPE: Retail BUYER: Ben Medetsky -Sky Capital Group SELLER: Robert Gershon - Gershon & Co. SALE PRICE: $29,800,000 NOTE: Sky Capital Group acquired four Tops-anchored retail plazas in Western New York for $29.8M, partnering with NETSTREIT on three of the properties while retaining full ownership of the Alden location.

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