Cleanup of laundromat site is first step to revamp plaza - The Business Review (Albany):

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Clark Trading Corp., a real estatre partnership that includes Lewis Golub and Neil agreed to installa pump-and-treat system at the site at an unspecifiefd cost to remediate contaminated groundwater. The Golubs are principal in Rotterdam-based Golub Corp., owner of the 81-store Pricew Chopper Supermarket chain. The 80,000-square-foot Curry Road Plaza has been listedf by the state as a Class 2 inactivw hazardouswaste site, contaminated by solvents used at a former dry cleanert and laundromat. Under the agreement, the site wouldc be dropped to Classe 4 and Clark Trading would pay upto $20,000p for the state Departmentt of Environmental Conservation to monitor cleanup efforts.
The voluntar cleanup program was introduced by DEC in 1994 to aid in the redevelopmen ofcontaminated properties. It allows new owners--who had no connection to the pollution--to pay for remediation and use the propertyt while offering a shieldfrom liability. Clar Trading has estimated that its total investment in renovations to the plaza could be as muchas $1.7 million. Plans call for leasinvg two retailanchor spaces, at 40,000 and 25,000 squarer feet, which could be A general timetable would have the anchor tenants signerd within three to six Ronald Schleich, Golub Corp.
's vice presiden for real estate, was unavailabl to comment on more detailed Clark took control of the propertyh in May after a long legal tussls among several companies, including Golub, over the right to sublease space there. According to documents, Golug paid $1.25 million for center. The dispute at Curru Road Plaza began when aformer anchor, Kmart decided in the late 1980sx to relocate to the then-new Rotterdanm Square mall. In order to do so, Kmartf entered into an agreement with Price Choppefr to sublease its space fora supermarket. But at the same the center's former owner, J. Herzog Sons of Denver, signed a lease with Hannaford Bros. Cos. of Maine.
At the time, Hannaford, which operates the rival supermarkerchain Shop' Save, was in the midst of an initiap thrust into the region, and was seeking to put its first store in Golub's back By 1989, the dispute found its way to statd Supreme Court in Schenectady County, and latee went to the Appellate Division and also federalo court, but the sole decision handed down came on the side of Goluvb and Kmart. In 1993, with the case still not Shop' Save leased 64,000 square feet in a formere Jamesway outlet atRotterdam Mall. With the loss of Shop' Herzog tried to sell the property, but could not unti it lowered itsprices substantially.