Kimco Realty Acquires Retail Portfolio In Long Island For $375.8M

The retail property located at 2-50 Great Neck Rd, 8063, 8101 & 8285 Jericho Turnpike, 4900-4966 Merrick Rd, 90 Northern Blvd, 1-5 Glen Cove Road, 420-460 Montauk Highway & 103-129 Jackson Avenue in Long Island has been sold in a recent transaction. The property has a total square footage of 566,500 and was sold for a total price of $375,800,000, resulting in a price per square foot of $663. The buyer of the property was Kimco Realty, while the seller was Kabro Associates.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $375,800,000
• Address: 2-50 Great Neck Rd, 8063, 8101 & 8285 Jericho Turnpike, 4900-4966 Merrick Rd, 90 Northern Blvd, 1-5 Glen Cove Road, 420-460 Montauk Highway & 103-129 Jackson Avenue
• Market: Long Island

The deal was facilitated by brokers from JLL, including Jose Cruz, Christopher Munley, Andrew Scandalios, James Galbally, Steve Simonelli, Colin Behr, J.B. Bruno, Patrick Higgins, and Austin Pierce.