John Thomas closed on the sale of the Select Exclusively Marketed LaGrange Commons in Hudson Valley, NY for $10,500,000. The ShopRite anchored LaGrange Commons is a ± 66,136 sf retail shopping center located on ± 18.57 acres of land.

Friday, February 2, 2024

Select Real Equity Advisors, LLC is pleased to announce the transaction closing for our Exclusive Offering for the ShopRite Supermarket anchored - LaGrange Commons, located in Lagrangeville, NY at a price of $10,500,000.

LaGrange Commons is a ± 66,136 (gross) square foot retail shopping center located on ± 18.57 acres of land. The property is 96% occupied with 6 tenants in a one-story building and the property offers ample surface parking for 323 cars.

  • ShopRite Supermarkets Inc. operates the store. The supermarket lease is with Wakefern Food Corp. 
  • ShopRite lease - occupies 78.2% of the center with a lease exp in Nov 2036
  • Excellent Physical Condition - very well maintained - recent $750k capital improvements include roof, parking lot, painting, etc.
  • Well established, internet proof local tenants that complement the supermarket anchor
  • Future expansion potential - Purchaser may have the opportunity to construct  +/-30k sf of additional improvements
  • Convenient location just off the Taconic Parkway in Lower Hudson Valley
  • Strong area demographics provide a strong foundation for the tenants of LaGrange Commons

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