Cofinance Group Sells Tops Plaza Portfolio In Upstate New York For $38.5M With Buyer's Rep Michael Cleeman & Sam Seelenfreund

The Tops Plaza portfolio, consisting of five grocery-anchored retail properties, has been sold in a package deal in Upstate New York. The properties included in the deal are located at 890 Young St., 270 E. Main Street, 658 W. Main Street, 1800 Lake Road, and 150 Niagara Street. The total square footage of the portfolio is 425,188 square feet. The transaction took place in Buffalo, Avon, Arcade, Hamlin, and Tonawanda. The asset type of the properties is retail.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $38,500,000
• Square Footage: 425,188
• Price Per Square Foot: $90
• Market: Buffalo, Avon, Arcade, Hamlin, Tonawanda

The seller of the Tops Plaza portfolio is Cofinance Group, while the buyer was represented by Michael Cleeman & Sam Seelenfreund of Cleeman Realty Group. Cushman & Wakefield Inc. acted as the seller's representative in the transaction.

According to a note from the broker, Michael Cleeman & Sam Seelenfreund of Cleeman Realty Group represented the buyer in the $38.5 million transaction. They successfully closed the deal for the five grocery-anchored retail properties in Upstate New York.