Oct
03
JV Spends $30M on Long Island Retail Center
ByThe asset was acquired free and clear of existing debt, in a deal secured by HFF.
ShopRite at Bay Shore, N.Y.
Bay Shore, N.Y.—HFF recently closed the sale of ShopRite at Bay Shore in Long Island. The 60,000-square-foot retail property was sold by G&S Investors of New York City for $30 million.
The HFF investment team representing the seller was led by Managing Director Jeffrey Julien and Senior Managing Director Jose Cruz. The buyer, a joint venture partnership between Mattone Group LLC and Gartenstein Properties, acquired the asset free and clear of existing debt…
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