East Coast Acquisitions Purchases ShopRite-Anchored Retail Center In Poughkeepsie For $34M

The property involved in this transaction is a 120,499-square-foot retail asset located at 3532 North Road in Poughkeepsie, NY. The sale price for the property was $34 million, equating to a price per square foot of $282. The asset is anchored by ShopRite.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,000,000
• Address: 3532 North Road
• Market: Poughkeepsie
• Square Footage: 120,499
• Price Per Square Foot: $282
• Buyer: East Coast Acquisitions
• Seller: EFG/Saber Heritage SC, LLC
• Brokers: David Gavin, Jeffrey Dunne & Travis Langer - CBRE

This transaction was facilitated by CBRE’s National Retail Partners, representing the interests of both parties in the sale of the Hudson Heritage center. The buyer is based in Tampa, while the seller is EFG/Saber Heritage SC, LLC.