Namdar Realty Group Acquires Long Island, NY & Trumbull, CT Retail Asset From Unibail-Rodamco-Westfield For $196.3M

The retail property located at 1701 Sunrise Hwy in Long Island, NY and 5065 Main St in Trumbull, CT has been sold in a closed transaction. The buyer, Namdar Realty Group, represented by Igal Namdar and Jonathan Abda, has acquired the property from the seller, Unibail-Rodamco-Westfield, represented by Jean-Marie Tritant. The sale price for this transaction was $196,300,000. The property spans a total square footage of 2,400,000, resulting in a price per square foot of $82.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $196,300,000
• Address: 1701 Sunrise Hwy, Long Island, NY & 5065 Main St, Trumbull, CT
• Market: Long Island, NY & Trumbull, CT
• Buyer: Namdar Realty Group
• Seller: Unibail-Rodamco-Westfield
• Buyer's Representatives: Igal Namdar & Jonathan Abda
• Seller's Representative: Jean-Marie Tritant

This transaction marks a significant deal in the retail market, showcasing the active involvement of Namdar Realty Group and Unibail-Rodamco-Westfield in expanding their portfolios. For more information regarding this transaction, interested parties can reach out to Jonathan Abda via email at [email protected].