{"id":1004747205,"date":"2025-02-17T07:59:09","date_gmt":"2025-02-17T15:59:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004747205"},"modified":"2025-02-17T07:59:11","modified_gmt":"2025-02-17T15:59:11","slug":"new-york-retail-center-sells-for-27m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-york-retail-center-sells-for-27m\/","title":{"rendered":"New York Retail Center Sells for $27M"},"content":{"rendered":"\n

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\"Exterior<\/a>
The Fresh Market Commons in Latham, N.Y., is located on 10 acres. Image courtesy of Institutional Property Advisors<\/em><\/figcaption><\/figure><\/div>\n\n\n

Shaker Loudon Associates, an affiliate of Benderson Development, has sold a 120,049-square-foot Fresh Market-anchored shopping center in Latham, N.Y., just north of Albany. PCP Binghamton Associates LLC acquired the property for $26.9 million.<\/p>\n\n\n\n

Institutional Property Advisors Senior Managing Director Jim Koury brokered the deal on behalf of the seller and procured the buyer.<\/p>\n\n\n\n

The Fresh Market Commons in Latham is located at 664 Loudon Road, at the intersection between U.S. Route 9 and State Route 155. Interstate 87 is also close.<\/p>\n\n\n\n

Completed in 2010, the three-building property is located on 10 acres. Its tenant roster also includes Petco, Crumbl Cookie, Sleep & Spas, European Wax Center and Verizon, according to CommercialEdge information. The new ownership had approximately 24,000 square feet available at the shopping center to reposition the property’s tenancy.<\/p>\n\n\n\n

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READ ALSO:<\/strong> What\u2019s in Store for Retail in 2025?<\/a><\/p>\n\n\n\n

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The property is within 1 mile of several other retailers including Walmart, Home Depot, Target and Lowes. Albany International Airport is less than 4 miles west of the shopping center, while downtown Albany, N.Y., is within 8 miles.\u00a0<\/p>\n\n\n\n

Fresh Market Commons serves a population of more than 182,000 within 5 miles, with annual household incomes exceeding $116,700 within a 3-mile radius, according to Institutional Property Advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property near Albany came online in 2010.<\/p>\n","protected":false},"author":3619,"featured_media":1004747207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,10,21749],"tags":[41030],"class_list":["post-1004747205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-northeast","category-retail","tag-benderson-development"],"acf":[],"yoast_head":"\nNew York Retail Center Sells for $27M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Shaker Loudon Associates has sold a 120,049-square-foot shopping center in Latham, N.Y., to PCP Binghamton Associates for $26.9 million.\" \/>\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\/new-york-retail-center-sells-for-27m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York Retail Center Sells for $27M\" \/>\n<meta property=\"og:description\" content=\"Shaker Loudon Associates has sold a 120,049-square-foot shopping center in Latham, N.Y., to PCP Binghamton Associates for $26.9 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-york-retail-center-sells-for-27m\/\" \/>\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=\"2025-02-17T15:59:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-17T15:59:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/The-Fresh-Market-Commons-shopping-center-in-Latham-NY-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"977\" \/>\n\t<meta property=\"og:image:height\" content=\"734\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-york-retail-center-sells-for-27m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/new-york-retail-center-sells-for-27m\/\",\"name\":\"New York Retail Center Sells for $27M - 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