Press Releases
Marcus & Millichap Facilitates $18 Million Sale of Troy Retail Center in New York
March 22, 2024
TROY, N.Y., Mar. 22, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 129,059-square-foot retail center in Troy, New York, for $18 million.
“The Seller did a great job redeveloping the property and positioned it perfectly for the buyer to add their finishing touches,” said Joseph French.
French and Kodi Traver, investment specialists in Marcus & Millichap’s Westchester office had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Hudson River Commons is located at 120 Hoosick St., on 12.2 acres. The center is 97% occupied and anchored by Big Lots. The center features a freestanding Sonic and a freestanding building housing Starbucks and Saratoga National Bank. Rensselaer Polytechnic Institute (RPI) is within walking distance.
“The Seller did a great job redeveloping the property and positioned it perfectly for the buyer to add their finishing touches,” said Joseph French.
French and Kodi Traver, investment specialists in Marcus & Millichap’s Westchester office had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Hudson River Commons is located at 120 Hoosick St., on 12.2 acres. The center is 97% occupied and anchored by Big Lots. The center features a freestanding Sonic and a freestanding building housing Starbucks and Saratoga National Bank. Rensselaer Polytechnic Institute (RPI) is within walking distance.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
