BOSTON – Charterhouse Development Corporation, a Boston-based commercial real estate development and investment company, has purchase a Rite Aid pharmacy site in Cicero, New York.
Located at 7939 Brewerton Road, the store totals 11,180 square feet and was acquired by an entity operated by Charterhouse Development from Cicero ECK LLC for $2,670,000. Rite Aid is a nationally recognized pharmacy chain with over 4,000 locations across the United States.
“This centrally located property serves residents of Cicero and the surrounding communities and we welcome the opportunity to be a part of the greater Syracuse region,” said Meredith Roy, President of Charterhouse Development Corporation.
Cicero is a community of approximately 40,000 in upstate New York. Located in Onondaga County, the town is considered a suburb of Syracuse.
“This property is a fantastic addition to our expanding presence in the Northeast market,” said Brandt Sharrock, Vice President at Charterhouse Development. “We continue to grow, and the Syracuse region fits well within our strategic geographic expansion.”