The buyer isn't saying what it paid for the asset until the price is recorded in county tax files, but the listing price was $6.5 million. That translates to a pricey $162.50 psf.

FSA, a New York-based bond insurance firm, was the seller. The center's anchors are Block Video and Party City. The buyer plans to spend another $1 million in renovations.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.