Houlihan Lawrence Commercial, a division of Houlihan Lawrence, the leading real estate firm serving New York City’s northern suburbs, has brokered the $4.8 million sale of Staples Plaza in Wappingers Falls NY, a 24,365 sq. ft. retail facility housing Staples and Sherwin Williams.
Steven Salomone and Thomas LaPerch, of Houlihan Lawrence Commercial, represented the Seller in the transaction, Redl Real Estate, LLC. The Purchaser, Hampshire Management Company, headquartered in Yonkers, NY, was referred to Houlihan Lawrence by Martin Deitch of Aries, Deitch and Endelson in Westchester County.
This property is situated on Route 9 with frontage on both Route 9 and Route 9D (W Main Street), making it an extremely desirable, high visibility site along these two major business corridors. In addition, the plaza is home to Staples and Sherwin Williams, both on long term leases, and who have each been at this plaza for over 20 years. This is a great site for its net income in place, and also for its outstanding retail location.
The Purchaser, Hampshire Management Company, is a very experienced and active investor in the Westchester commercial real estate market area. They would now like to expand their investment footprint into Dutchess County, which they see has the potential to expose them to a myriad of new opportunities for their portfolio.
Houlihan Lawrence Commercial, a full-service division, specializes in Investment Opportunities; Office, Industrial and Retail Sales and Leasing; Land Acquisition and Development; Municipal Approval Consultation.
With local expertise in the markets north of New York City, the Commercial Division has a database of buyers and sellers throughout the country to effectively market commercial properties and opportunities on a national level.
For more information, please contact Steven Salomone, ssalomone@houlihanlawrence.com or Tom LaPerch, tlaperch@houlihanlawrence.com
