Regency Centers Acquires Retail Property In Central Nassau For $30M

The East Meadow Plaza, located at 1900 Hempstead Turnpike in Central Nassau, has been sold in a transaction valued at $30,000,000. The retail property spans 205,148 square feet and has a price per square foot of $146. The site features 132,332 square feet of open-air retail space, a five-story, 72,816 square-foot office building, and 450 parking spaces. Built in 1971, the plaza is situated on an 11.16-acre site and is known for its distinctive location in the heart of Nassau County.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $30,000,000
• Address: 1900 Hempstead Tpke
• Market: Central Nassau

Cushman & Wakefield’s Team Burkhardt & Team Abbondandolo served as the exclusive brokers representing the seller, Weiss & White Family Trust. The transaction marks a historical acquisition for Regency Centers, the buyer, as it brings together the East Meadow Plaza and the neighboring property, Stew Leonard's Plaza, under the same ownership for the first time in over 100 years. For more information on this transaction, please reach out to the brokers involved: Kyle Burkhardt, Dan Abbondandolo, Patrick Ciancimino, Joegy Raju, Rob Cullen, Joe Musso, and Victor Little of Cushman & Wakefield.