Westchester & Fairfield County
Business Journals
The KABR Group and BTF have completed their $30 million purchase of the New City Shopping Center.The 125,110-square-foot property at 78 North Main St. is 96% leased. In a press statement, the companies said they were planning a “comprehensive modernization of the shopping center.”
“KABR is thrilled to partner with BTF and acquire a premier grocery-anchored retail location,” said Adam Altman, co-founder and managing member at KABR Group.
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By Phil Hall – October 24, 2022
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New City Center
2-78 N. Main Street, New City NY 10956
Property Type: Grocery Anchored Retail Shopping Center
Size: 125,110 SF GLA
Lot Size: +/- 12 Acres
Grocery Anchor Size: 55,900 SF
Parking: +.- 300 Spaces
Grocery anchored New City Center located just off the Palisades Parkway in densely populated New City, Rockland County, features a complimentary tenant mix, consisting of personal services, banking and food and beverage tenants. The center offers unmatched regional access to the New York metro area and a local population of over 67,500 residents within a three-mile radius of the property, making it a strategic retail location situated minutes from multiple local and regional roadways.
