New City Shopping Center
The KABR Group along with its JV Partner completed the $30 million purchase of the 125,110 SF New City Shopping Center – located at 78 North Main Street. The retail site is currently 96% leased. The asset is in the heart of Rockland County’s central business district and less than one hour from New York City. KABR is planning numerous center upgrades. The grocery-anchored retail asset currently contains a complementary tenant mix with exceptional demographics, traffic counts, and access. The center looks to become the premier retail destination in the trade area.