Colonie Center Is For Sale?

Colonie Center is officially on the market. Although there is no "asking price" available at this time it is for sale. 

The mall does generate about $250 Million a year, well actually less. That number includes Macy's and Whole Foods, which are not part of the package if you were to buy the mall. I would assume that 1 person isn't going to just say "what the heck, let's buy the mall", I'd go more with investors to purchase it.

Oh, and if you're interested (or know someone that might be interested) there is a chance that you'll be able to add 600 residential units to the property as well. 

Either way, Colonie Center is for sale. What happens next? No clue but we'll all find out soon enough. 

D Scott

D Scott

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