HFF closes sale of mixed-use property in suburban New York City

FLORHAM PARK, NJ – HFF announced today that it has closed the sale of 7 and 17 Popham Road (top left photo), a two-building, 38,510-square-foot retail, medical and upscale recreational-use property in Scarsdale, New York.

HFF marketed the property on behalf of the jointly-controlled sellers, F&R Popham, LLC and F&R Constitution LLC. L&B Realty Advisors purchased the offering.

7 and 17 Popham Road are located adjacent to the Scarsdale Metro North train station in Scarsdale’s six block business district about 20 miles north of New York City.

Completed in 2006, 7 Popham Road has 28,864 square feet of rentable space atop a 10,559-square-foot parking garage. 17 Popham Road, originally built in 1932, has 9,646 square feet. Tenants at the fully leased properties include CVS, Webster Bank and Dunkin Donuts.

The HFF investment sales team representing the sellers was led by senior managing directors Andrew Scandalios and Jose Cruz, and managing directors Jeffrey Julien and Kevin O’Hearn.

For a complete copy of the company’s news release, please contact:

KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
krmurphy@hfflp.com