Time Equities Inc Acquires Big Flats Commons Retail Center In Elmira For $6.5M

The property involved in this transaction is a retail center located at 950 Big Flats Road in the Big Flats market. The asset spans 44,635 square feet and has been sold for $6,500,000, resulting in a price per square foot of $146. The retail center features prominent tenants including Target, Best Buy, Maurice’s, Five Guys, Panera Bread, Vitamin Shoppe, and Papa John’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,500,000
• Address: 950 Big Flats Road
• Market: Big Flats
• Square Footage: 44,635
• Price per Square Foot: $146
• Buyers: Ami Ziff, Jonathan Kim, Grant Scott & Eli Smith - Time Equities Inc
• Broker: Kenneth Brownwell - Vanguard-Fine

The deal involved Time Equities Inc., represented by buyers Ami Ziff, Jonathan Kim, Grant Scott, and Eli Smith. The transaction was facilitated by Kenneth Brownwell from Vanguard-Fine, highlighting the collaboration between these key individuals in securing the retail asset.