HACKENSACK, NJ-Locally based Cofinance, part of Cofinance Group SA of Luxembourg, has acquired a pair of Tops Markets plazas in Tonawanda, NY and two others in Upstate New York from Developers Diversified Realty in a whopping series of deals totaling $42.58 million, according to the Buffalo News.
Cofinance paid $24.76 million in two transactions to buy the Youngmann Plaza at 746-900 Young St., near the Youngmann Highway, and the Tops Plaza Tonawanda at 100 Niagara St. The total includes $17.3 million for the Young Street property and $7.4 million for the Niagara Street site.
According to the report, Cofinance also bought two Tops plazas in Rochester, NY: one in Elmira and one in Arcade. In all, the company acquired 703,000 square feet of space, with Youngmann Plaza comprising the largest chunk.
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