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Lowe’s Home Improvement in Waterloo sold

The Lowe’s Home Improvement store has been sold.

Cushman & Wakefield has arranged the sale of the 139,410 square foot retail space located at 3030 Sessler Dr.

The sale price was not disclosed.

A Cushman & Wakefield team of Andrew Merin, Andrew Schwartz, Brian Whitmer, David Bernhaut and Jordan Sobel represented the seller, a private entity.

“The Lowe’s Home Improvement Center has experienced success at this location since its opening in 2009 and we are confident that will continue under new ownership,” said Schwartz. “This robust commercial trade area serves a loyal daytime and residential community.”

The single-story asset is situated off of US-20 and sits on more than 20 acres. The property has been 100% leased to Lowe’s since 2009 and boasts three loading docks and 500 parking spaces.

The site is located close to Hobart and William Smith Colleges, as well as the Waterloo Premium Outlets. Situated between Syracuse and Rochester, the property is located at the crossroads of the Finger Lakes region, an area known for its picturesque lakeside resorts and several higher education institutions, including Cornell and Syracuse Universities.