We’re proud to congratulate our client, Triphammer Partners LLC, on the acquisition of Triphammer Marketplace, a longtime landmark in Lansing, NY. The sale, finalized in September for $11.98 million, was sold by the Thaler family’s Triphammer Development Co. Inc., marking the first change in ownership for the property in six decades.
Triphammer Partners LLC, is owned by Spencer and Kristen Ferguson Kopko. Spencer, an Ithaca native and Cornell University graduate, and Kristen, originally from Virginia, have deep ties to the local community. The couple met while studying at Cornell and share a passion for Ithaca’s unique character and entrepreneurial spirit. “We are incredibly honored to carry on the work and legacy of the Thaler family and to be entrusted with a place that means so much to so many,” said Spencer Kopko.
Built in 1963 and renamed Triphammer Marketplace in 2011, the 137,000-square-foot retail center is home to more than 20 local and independently owned businesses, two national anchor tenants, and seasonal events such as the Ithaca Farmers Market’s Winter Market. With a current occupancy rate exceeding 95 percent, the Marketplace continues to be a vibrant hub for local commerce and community gatherings.
The Kopkos intend to preserve the property’s strong local identity while enhancing the experience for tenants and visitors. Planned updates include building and utility improvements, refreshed signage, and expanded community programming such as family-friendly events and pop-ups. “Our goal is to preserve the building’s legacy while making it relevant to the next generation,” said Kristen Kopko.
Under new ownership, the Triphammer Marketplace remains a testament to Ithaca’s entrepreneurial community and the enduring success of local businesses.
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For over 50 years, Newman & Lickstein has helped businesses and entrepreneurs navigate complex legal transactions, grow their operations, and protect their assets. Our attorneys serve as trusted advisors throughout every stage of a company’s lifecycle, with a focus on venture capital, private equity, mergers and acquisitions, and technology transactions.
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