RKF completes $11.5m Staten Island mall sale.Robert K. Futterman & Associates has completed the $11.5M sale of the 256,000 s/f West Shore Plaza shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in Staten Island Staten Island (1990 pop. 378,977), 59 sq mi (160 sq km), SE N.Y., in New York Bay, SW of Manhattan, forming Richmond co. of New York state and the borough of Staten Island of New York City. for Phoenix Four Inc. And a 40,000 s/f lease deal with Shoppers World has helped boost the roster of retailers. "The shopping center represents an excellent value-added opportunity for the new owners," said Barry Fishbach, who represented the seller with David Rosenberg. "Even without the anchor tenant, the retailers at the shopping center are doing very well." Prior to declaring Chapter 11 and closing, previous tenants Caldor and Bradlees averaged more than $30 million in sales. Existing tenants at the property include Modell's Sporting Goods, Chuck E. Cheese's <noinclude></noinclude> Chuck E. Cheese's is a chain of family entertainment centers. The concept centers around a basic sit-down pizza restaurant, complemented by arcade games, small rides, animatronic characters, and other popular diversions for young and Odd Job. Fishbach and Rosenberg, executive vice presidents, RKF RKF Rapid Knowledge Formation , represented the sellers. The purchaser was Shore Plaza, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which has retained RKF to market the remaining retail space. Negotiations are currently underway with two anchor tenants for more than 123,000 s/f at West Shore Plaza. |
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