Long Island, N.Y. — Regency Centers and Blumenfeld Development Group have announced plans for the 168,000-square-foot redevelopment of SunVet Mall in Long Island. Upon completion, Whole Foods Market will anchor the property, which will be transformed into an open-air shopping center featuring two junior anchors, as well as 53,000 square feet of shops and six outparcels. Regency will hold the majority interest in the joint venture and oversee leasing and operations at the center.
New York City — A&G Real Estate Partners, real estate advisor to Bed Bath & Beyond Inc., has announced plans to auction hundreds of Bed Bath & Beyond and buybuy BABY leases as part of the company’s bankruptcy proceedings. Pending Court approval of bid procedures, A&G will auction Bed Bath & Beyond store leases located in 48 states and ranging in size from 18,000 to 92,000 square feet and buybuy BABY store leases located in 37 states and ranging in size from 14,000 to 63,000 square feet. Additionally, A&G and …
New Rochelle, N.Y. — LA Fitness has opened a 36,000-square-foot gym at 75 Nardozzi Place in New Rochelle. Amenities at the location include a 25-yard lap pool, whirlpool spa, locker rooms with showers and sauna, a group exercise studio and an indoor cycling room. LA Fitness now occupies the majority of the second floor of a two-story, free-standing structure at the property, which was developed in 2021 by the landlords, Simone Development Cos. and G&S Investors.
Spencerport, N.Y. — Legacy Realty Group Advisors has arranged the sale of Spencerport Village Plaza, a 99,306-square-foot shopping center located in Spencerport, roughly 11 miles outside Rochester. Tops anchors the property. Daniel Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Monroe, New York — Two new tenants have signed leases at Harriman Commons, a 706,243-square-foot retail center located in Monroe. Five Below will open an 11,012-square-foot store, and Rightly Dental is now seeing patients within a 1,650-square-foot space. These tenants bring occupancy at the property to 98 percent. Burlington also recently opened at the center, with a 23,986-square-foot store, and plans are underway for the addition of a BJ’s Fueling Station and 3,000-square-foot drive-thru restaurant. Construction on the gas station is scheduled to begin this quarter.
New York City — New York City-based Legacy Realty Group Advisors has brokered the $60 million sale of a portfolio comprising 40 Dollar General-leased stores in the Southeast. Jacob Baruch and Daniel Baruch of Legacy represented the buyer, a net lease REIT, and seller, a private developer, in the transaction.
Clifton Park, N.Y. — Axiom Capital Corp. has arranged a $38.5 million loan for the acquisition of a retail center located in Clifton Park. Comprising six buildings located on five parcels, the property was fully leased at the time of financing to 64 tenants. The borrower was not disclosed.
Riverhead, N.Y. — JLL Capital Markets has arranged the sale of Riverhead Centre, a 395,000-square-foot retail center located on Long Island in Riverhead. ShopRite and The Home Depot anchor the property, which comprises nine buildings and was 99 percent leased at the time of sale. Other tenants include Best Buy, Petco, Michaels, DSW, Famous Footwear, Barnes & Noble, Ashley Home Store and IHOP. Jose Cruz, Kevin O’Hearn, J.B. Bruno and Mark Belenky of JLL brokered the transaction on behalf of the seller, an entity doing business as AFL-CIO Building Investment …
Port Chester, N.Y. — Simone Development Cos. has signed three new tenants to Post Road Plaza in Port Chester. Together, the leases total more than 4,000 square feet. Nothing Bundt Cakes has signed a long-term lease for 1,760 square feet at the property, and Nailed It Spa and European Wax Center will occupy 1,000 and 1,534 square feet, respectively. Joanna Simone, Hannah Coyman and Rob Carinci of Simone negotiated leases on behalf of the ownership, alongside Scott Meshil and Karnit Mosberg of Royal Properties Inc. Sean Heneghan and Patrick Doyle …
New York City — Northmarq has arranged $22 million for the refinancing of Village Greens Shopping Center in New York City. Built in 1989, the 75,697-square-foot property is anchored by Key Food Supermarket, CVS/pharmacy and JP Morgan Chase Bank. Robert Delitsky and Dylan Hamer of Northmarq secured the permanent-fixed rate loan through Nationwide Life Insurance Co. on behalf of the borrower.