–Leading investment sales firm represents the seller and procures buyer in the transaction in Pleasant Valley, NY–
Shelton, CT (August 27, 2024)- Northeast Private Client Group® (NPCG) has announced the sale of Pleasant Valley Plaza at 1600 Main Street, Pleasant Valley, NY.
Pleasant Valley Plaza is a 45,133 SF shopping center located in downtown Pleasant Valley, New York. The property is comprised of 42,820 SF of retail space across fifteen (15) retail suites, and five (5) apartments. The property has a mix of credit tenants (Dollar General, Chase Bank, and Carquest) and local mom-and-pop establishments.
Vice President, Investments Jeff Wright and Rich Edwards, along with Associate Karl Hasselrot represented the seller and procured the buyer in the transaction.
“Commercial vacancy rates remain very low in the region, and retail properties like Pleasant Valley Plaza are in high demand for investors,” said Wright. “This is one of the few shopping centers in Pleasant Valley and is an important part of the community. This property has been in the sellers’ family for several generations and we know the new owners will continue to improve the property and will be a great addition to the community.” – Jeff Wright
Northeast Private Client Group® specializes in mixed-use, retail, industrial and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,200 successful transactions have been completed, totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
