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Colonie Center up for sale

Colonie Center Colonie Center | Photo: Facebook / Colonie Center.

January 03, 2019 04:26 PM

Colonie Center is for sale.

The management team released a statement on Thursday afternoon saying this encourages a fresh approach to the master planning of the mall.

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The buyout firm, Kohlberg Kravis Roberts & Co., bought the mall almost six years ago with an investment partnership called Colonie Pacific. The price was $106 million.

Since then, $30 million worth of upgrades were made.

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WNYT Staff

Copyright 2019 WNYT-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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