Ariel Property Advisors has been retained exclusively to market for sale West Shore Plaza, a 255,000 square foot retail center located on 17.86 acres at 1745 South
Avenue, just off the West Shore Freeway in Staten Island.
An Ariel team consisting of Sean R. Kelly, Partner, Victor Sozio, Founding Partner, Michael A. Tortorici, Founding Partner, and Amanda Bukobza, Partner, is soliciting proposals on behalf of the property.
“West Shore Plaza is a 92.5% occupancy mall and has consistently performed well for our client,” Kelly said. “Over the past 20 years there has been little vacancy and offers a list of long-term tenants, some of whom have been operating here for over 20 years. The mall also offers tremendous benefits, as new and planned developments contribute to an industrial renaissance on the West Shore of Staten Island.
West Shore Plaza is home to a healthy mix of national, regional and local tenants. Anchored by Burlington Coat Factory, Restaurant Depot and the Department of Motor Vehicles, other tenants include Planet Fitness, Dollar Tree Stores, Chuck E Cheese, Jewish Board of Family & Children Services Inc., Roth Insurance, Salon Max Spa and WSP Bagels.
West Shore Plaza’s location provides high visibility as well as easy access to the West Shore Expressway, Staten Island’s main north-south thoroughfare. The mall is also less than a mile from four new industrial development projects totaling over 5 million square feet, including Matrix Development’s Amazon and IKEA distribution centers. Additionally, a 52-acre development site across from West Shore Plaza was recently
acquired by an industrial promoter.
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