HACKENSACK, NJ-Locally based Cofinance, part of Cofinance Group SA of Luxembourg, has acquired a pair of Tops Markets plazas in Tonawanda, NY and two others in Upstate New York from Developers Diversified Realty in a whopping series of deals totaling $42.58 million, according to the Buffalo News.
Cofinance paid $24.76 million in two transactions to buy the Youngmann Plaza at 746-900 Young St., near the Youngmann Highway, and the Tops Plaza Tonawanda at 100 Niagara St. The total includes $17.3 million for the Young Street property and $7.4 million for the Niagara Street site.
According to the report, Cofinance also bought two Tops plazas in Rochester, NY: one in Elmira and one in Arcade. In all, the company acquired 703,000 square feet of space, with Youngmann Plaza comprising the largest chunk.
Click here to read the full Buffalo News article.
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