Press Releases
Marcus & Millichap Brokers $5.3M Sale of Retail Center in New York’s Finger Lakes Region
July 10, 2026
WATERLOO, N.Y., July 10, 2026 – 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 Tops Plaza at Seneca Falls, a grocery-anchored retail center in Waterloo, New York. The asset sold for $5.3 million.
“We secured a qualified buyer who closed all-cash without financing, providing the seller with certainty of execution,” said Joseph French in Marcus & Millichap’s Westchester office.
French and Kodi Traver of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private company based in Syracuse, New York, and procured the buyer, a private investor from Franklin Lakes, New Jersey.
Located at 1963 U.S. 20, Tops Plaza is a 12-unit, 122,799-square-foot shopping center on 34 acres. Originally built in 1960, the center was 99% leased at the time of sale to a mix of restaurants, service providers and retailers, including Tops Market and AutoZone. The property includes a bank outparcel, land for an additional outparcel building and several pad-site development opportunities. Tops also has a ground lease in place with an accepted site plan to construct and operate a gasoline filling station.
Tops Plaza sits at a high-traffic intersection along U.S. Route 20 in a regional retail corridor between Waterloo and Seneca Falls. It is near del Lago Resort & Casino, Finger Lakes Premium Outlets, Cayuga Lake State Park and Geneva General Hospital.
“We secured a qualified buyer who closed all-cash without financing, providing the seller with certainty of execution,” said Joseph French in Marcus & Millichap’s Westchester office.
French and Kodi Traver of Marcus & Millichap exclusively marketed the property on behalf of the seller, a private company based in Syracuse, New York, and procured the buyer, a private investor from Franklin Lakes, New Jersey.
Located at 1963 U.S. 20, Tops Plaza is a 12-unit, 122,799-square-foot shopping center on 34 acres. Originally built in 1960, the center was 99% leased at the time of sale to a mix of restaurants, service providers and retailers, including Tops Market and AutoZone. The property includes a bank outparcel, land for an additional outparcel building and several pad-site development opportunities. Tops also has a ground lease in place with an accepted site plan to construct and operate a gasoline filling station.
Tops Plaza sits at a high-traffic intersection along U.S. Route 20 in a regional retail corridor between Waterloo and Seneca Falls. It is near del Lago Resort & Casino, Finger Lakes Premium Outlets, Cayuga Lake State Park and Geneva General Hospital.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
