ON THE SCENE: Latest middle market sales, exclusives
SALES Kempner Properties announced the acquisition of Paltz Commons, a 36-unit garden style apartment complex in the town of New Paltz, NY, for $7.6 million. The 29,530 s/f property comprised of three buildings at 144 Main Street is fully occupied and primarily leased to students of SUNY New Paltz, a four-minute walk away. Built in 1966, the building features 41 on-site parking spaces. Managing partner Peter Kempner said the site was purchased directly from the longtime owner. RANDY BLANKSTEIN The Boulder Group completed the sale of a single tenant Dollar General located at 1989 East Shor...