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

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Clark Trading Corp., a real estate partnership that includes Lewis Golubv andNeil Golub, agreed to install a pump-and-treatf system at the site at an unspecified cost to remediate contaminatedx groundwater. The Golubs are principals in Rotterdam-based Golu b Corp., owner of the 81-store Priced Chopper Supermarket chain. The 80,000-square-foot Curry Road Plazaq has been listed by the state as a Classa 2 inactive hazardouswaste site, contaminate by solvents used at a former dry cleaner and Under the agreement, the site woulde be dropped to Class 4 and Clark Tradingf would pay up to $20,000 for the state Department of Environmentapl Conservation to monitor cleanup efforts.
The voluntarty cleanup program was introduced by DEC in 1994 to aid in the redevelopmentr ofcontaminated properties. It allows new owners--whko had no connection to the pollution--tol pay for remediation and use the propertyt while offering a shieldfrom liability. Clarkk Trading has estimated that its total investmenr in renovations to the plazz could be as muchas $1.7 million. Plans call for leasinv two retailanchor spaces, at 40,000 and 25,00p square feet, which could be divided. A generalo timetable would have the anchor tenanta signed within three tosix months. Ronald Schleich, Golubh Corp.
's vice president for real estate, was unavailabler to comment on more detailed Clark took control of the property in May aftetr a long legal tussle amongseveralp companies, including Golub, over the rightr to sublease space there. According to Golub paid $1.25 million for center. The disputes at Curry Road Plaza began when a former Kmart Corp., decided in the late 1980e to relocate to the then-new Rotterdam Square mall. In ordert to do so, Kmart entered into an agreement with Pric e Chopper to sublease its space for a But at the same the center's former owner, J. Herzog Sons of Denver, signed a lease with Hannaford Cos. of Scarborough, Maine.
At the Hannaford, which operates the rival supermarketchain Save, was in the midsr of an initial thrust into the region, and was seeking to put its firsg store in Golub's back By 1989, the dispute found its way to stater Supreme Court in Schenectady County, and later went to the Appellater Division and also federal court, but the sole decisioj handed down came on the side of Golub and In 1993, with the case still not resolved, Save leased 64,000 square feet in a formedr Jamesway outlet at Rotterdam With the loss of Save, Herzog tried to sell the but could not until it lowered its price