{"id":1004153754,"date":"2016-09-28T03:17:47","date_gmt":"2016-09-28T11:17:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004153754"},"modified":"2020-05-18T23:43:30","modified_gmt":"2020-05-19T07:43:30","slug":"cbre-arranges-sale-of-auburn-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-auburn-shopping-center\/","title":{"rendered":"CBRE Arranges Sale of Auburn Shopping Center"},"content":{"rendered":"

By Carmen Horghidan <\/em><\/p>\n

\"Fingerlakes<\/a>

Fingerlakes Crossing Center, Auburn, N.Y.<\/p><\/div>\n

Auburn, N.Y.<\/strong>\u2014CBRE<\/a> recently closed the $13.1 million sale of Fingerlakes Crossing Center in Auburn, N.Y., on behalf of Toronto-based Kipling Group<\/a> and Cameron Group<\/a> of Syracuse.<\/p>\n

A CBRE team consisting of Jeffrey Dunne, David Gavin and Travis Langer also procured the buyer, Northeast Capital Group of Ramapo, N.Y., which acquired the property as part of a 1031 exchange.<\/p>\n

Located across the Fingerlakes Mall, on NYS Route 5\/20, the approximately 246,000-square-foot power center is home to tenants such as Home Depot, Dick’s Sporting Goods, Petco, and shadow-anchor Kohl’s. With Auburn being the largest city and main retail destination between Syracuse and Rochester, a large number of customers are drawn from the nearby cities.<\/p>\n

\u201cCurrently 91 percent leased, Fingerlakes Crossing Center offers strong in-place income with additional upside provided through lease-up of the existing vacancy, as well as more than 70,000 square feet of development potential. Combined with its easily accessible location on Route 5\/20, Fingerlakes Crossing was an ideal property to satisfy the buyer\u2019s 1031 exchange,\u201d said Dunne in a prepared statement.<\/p>\n

Image courtesy of Cameron Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 246,000-square-foot power center was 91 percent leased at the time of sale.<\/p>\n","protected":false},"author":1002,"featured_media":1004153756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21742,10,21749],"tags":[],"class_list":["post-1004153754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-latest","category-northeast","category-retail"],"acf":[],"yoast_head":"\nCBRE Arranges Sale of Auburn Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-auburn-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Sale of Auburn Shopping Center\" \/>\n<meta property=\"og:description\" content=\"The 246,000-square-foot power center was 91 percent leased at the time of sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-auburn-shopping-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-28T11:17:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T07:43:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Fingerlakes-Crossing-Center-Auburn-N.Y..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carmen Horghidan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-auburn-shopping-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-auburn-shopping-center\\\/\"},\"author\":{\"name\":\"Carmen Horghidan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/91c8a7396e3c26801ff2a7858bdf6875\"},\"headline\":\"CBRE Arranges Sale of Auburn Shopping Center\",\"datePublished\":\"2016-09-28T11:17:47+00:00\",\"dateModified\":\"2020-05-19T07:43:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-auburn-shopping-center\\\/\"},\"wordCount\":199,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-auburn-shopping-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/09\\\/Fingerlakes-Crossing-Center-Auburn-N.Y..jpg\",\"articleSection\":[\"Deals\",\"Finance\",\"News\",\"Northeast\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-auburn-shopping-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-auburn-shopping-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-auburn-shopping-center\\\/\",\"name\":\"CBRE Arranges Sale of Auburn Shopping Center - 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