RCG Ventures Purchases Northway Plaza in New York

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RCG Ventures Purchases Northway Plaza in New York

Northway Plaza

RCG Ventures (Fund II) is pleased to announce the acquisition of Northway Plaza in Queensbury, New York.  This purchase marks RCG’s first New York acquisition, demonstrating continued nationwide growth.

Located just north of Albany, New York the 199,717-SF center is anchored by Hobby Lobby, Peter Harris Clothes, Panera Bread, and is shadow anchored by Home Depot.  The newly signed Hobby Lobby is expected to open December 2013.  Additionally, RCG plans significant property upgrades as well as the development of two newly created outparcels.  RCG acquired the asset from Berkadia.

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