In 2010, Cofinance Inc. acquired a portfolio of six retail properties in upstate New York whose anchor store is the Tops Market. The portfolio managed by Cofinance on behalf of its partners covers 45 tenants and over 703,000 square feet in leasable space for current revenue of $5.2 million. The portfolio value is estimated at more than $50 million.
Tops Market Portfolio
Acquisition of 6 shopping center in 2010
Surface area of 703 000 square feet
Acquisition of a shopping center in 2005
111,000 sq ft in surface area
Newburgh Towne Center
Acquisition of land and development of a shopping centre.
Surface area of 146 000 square feet
In 2005, Cofinance Inc. acquired an office building built in 1927 and renovated in 1981, with an area of 74,000 square feet in New York City. The building is leased by the city and occupied by the Beacon School. The rent (NNN) is $3.3 million per year. The value at the end of 2015 is estimated at more than $70 million.
227 West 61st – MANHATTAN
Manhattan (New York)
Acquisition of an office building in 2005
Surface of 74 000 square feet
In 1992, Cofinance Inc. acquired property near the Los Angeles Airport in California. The investment strategy is based on leasing the land to tenants operating over long periods (30 to 90 years): hotel, car park, residential, office. The underlying property complex has a total area of 556,000 square feet and a net income of $3 million.
Los Angeles (Californie)
The property was acquired in 1992
Total surface of 556 000 square feet