Northway
Shopping Center

1440 Central Avenue
Colonie, NY 12205

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Northway Shopping Center
colonie, NY


Regional Market / Submarket:  Albany, NY
Year Built, Renovated:   1970, 1999
Gross Leasable Area:   477,664 square feet
Population (5 miles):    167,627
Ave HH Income (5 miles):  $68,449

Key Tenants: Lowe’s, Target, Jo-Anns, Buy Buy Baby, Marshalls, David's Bridal, Petco and Staples

Northway Mall is a dominant Target and Lowes anchored power center located in Colonie New York, a first ring suburb of Albany. The property is strategically positioned in the core Central Avenue retail trade area (Route 5) with excellent highway visibility and convenient access just off the I-90 / I-87 interchange.  Located directly across the street, the 1.3 million square foot Boscov’s, Macy’s, and Sears anchored Colonie Center co-anchors the Central Avenue corridor along with Olshan Properties' Northway Mall.

About the Trade Area:
Colonie is the most populous suburb of Albany and is well positioned at the heart of New York’s Capital Region.  Colonie is just five miles from the Albany International Airport and less than two miles from University at Albany-SUNY via I-90.  With approximately 10 million square feet of inventory, Albany is most significant retail hub in the Capital region. The Central Avenue corridor is greater Albany’s dominant regional shopping destination - boasting a full range of big box retail, department store, grocery, convenience, dining and lodging options.