Strategic relaunch and determined execution turn long-stalled asset into $17.25M sale in New York’s Capital Region

ALBANY, NEW YORK— Matthews™, a commercial real estate investment services and technology firm, announces the successful sale of Hannaford Plaza, a 111,077 square foot grocery-anchored shopping center in East Greenbush, NY for $17.25 million. Matthews™ First Vice President Joanna R. Manfro represented the seller in the transaction.

 

The property is anchored by Hannaford Supermarket and strategically located near Albany in New York’s Capital Region. After being on the market for nearly two years with no success, Matthews™ implemented a focused marketing campaign that generated multiple competitive offers. The sale closed in July 2025.

 

“Deals don’t always come easy,” Manfro said. “But persistence, grit, and a commitment to the process turned Hannaford Plaza from an overlooked asset into a competitive sale that delivered results.”

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agent and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.