Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named by UBS as the exclusive sales agent for a 119,600-square-foot, big-box retail property located at 300 Bellwood Drive in Greece, New York.
Media Contact: Amanda Ferraro Beckerman
FOR IMMEDIATE RELEASE
UBS Taps Mission Capital Advisors to Sell 119,600-SF Big Box Retail Property in
National Advisory Firm Marketing Fully-Leased Property in Close Proximity to
Rochester’s Central Business District
ROCHESTER, N.Y. (Feb. 10, 2016) – Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named by UBS as the exclusive sales agent for a 119,600-square-foot, big-box retail property located at
300 Bellwood Drive in Greece, New York.
Michael Britvan and Adam Grant of Mission Capital Advisors will procure a buyer for the triple- net-leased property, which is situated in close proximity to Rochester’s central business district, and is 100 percent occupied with a long-term lease by BJ’s Wholesale Club.
“Given the long-term stability and strategic location of the asset, we expect there will be a great deal of investor interest in this property,” said Britvan. “The property is ideal for a wide range of funds, REITs and other institutional investors that are attracted to its strength.”
The property, known as BJs Wholesale Club Greece, encompasses more than 11 acres, and is located within the Canal Ponds Business Park, a 300-acre site on the western side of New York State Route 390. The Canal Ponds Business Park is home to more than 2 million square feet of industrial and office facilities, as well as 500,000 square feet of retail, hotel and restaurant facilities.
In addition to BJs Wholesale Club, the property includes a BJs gas station and a small auxiliary building constructed in 2006. The site, which features ample parking, is easily accessible from exit 22 of Route 390, a well-travelled expressway just east of the asset.
A national real estate capital markets solutions firm, Mission Capital is extremely active in arranging investment sales, loan sales and debt and equity financing on properties across the country.
About Mission Capital Advisors
Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York, Florida, Texas, California and Alabama. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $65 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information, visit www.missioncap.com.