A major shopping center in Chemung County is under new ownership. Time Equities, Inc. (TEI) has acquired Big Flats Commons at 950 Route 64 in Elmira. TEI purchased the near 45,000-square-foot shopping center for $6.5 million from NN Reit, a real estate investment trust. TEI is a real estate firm based in New York City. The firm owns dozens of properties in New York state, primarily in the New York City area. Big Flats Commons marks its first venture in the Southern Tier. Ami Ziff, Managing Director of National Retail at TEI, described the acquisition as “a strategic move aimed at expanding our presence in underserved markets.” “Time Equities’ acquisition of Big Flats Commons marks a signi
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