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New owner at Tioga Shopping Center

New York based real estate brokerage firm, Rafinia Property Group announces the acquisition of the Tioga Shopping Center located at 801 Elm Street in Tioga

The buyers are two New York based private equity funds, Zar Capital Group and SMA (Kamali) Partners LLC.

The center is a community strip center built in 2014 which sits on a one-acre plot of land. The shopping center offers close to 500 feet of frontage and includes supporting tenants that cater to the local area.

The tenant mix includes Cash Wise Grocery and Liquor, a grocer with 120 locations in the upper Midwest and Anytime Fitness, which is recognized as the world’s fastest growing fitness franchise.

Rafinia Property Group represented the buyer and CBRE represented the seller in the transaction. The center traded hands for $1.3 million.

For more information about Rafinia Property Group and Tioga Shopping Center, visit www.rafinia.com.

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