Regency Centers Acquires Long Island Retail Portfolio For $130M

Regency Centers has acquired a retail property portfolio on Long Island for $130,000,000. The portfolio includes four properties: 207-225 Merrick Rd., 1897 Front Street, 5 Eastport Manor Rd., and 6225-6277 Route 25A. The total square footage of the portfolio is 400,000, resulting in a price per square foot of $325. The seller of the properties was Serota Properties. The transaction was facilitated by Kenneth Schuckman of Schuckman Realty.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $130,000,000
• Address: 207-225 Merrick Rd., 1897 Front Street, 5 Eastport Manor Rd., and 6225-6277 Route 25A
• Market: Long Island
• Buyer: Regency Centers
• Seller: Serota Properties
• Broker: Kenneth Schuckman - Schuckman Realty
• Square Footage: 400,000
• Price per Square Foot: $325

The acquisition by Regency Centers represents a notable addition to their retail property portfolio on Long Island. With the purchase of the four properties, Regency Centers further strengthens their presence in the retail market. Serota Properties, the seller, has successfully executed this transaction, guided by Kenneth Schuckman of Schuckman Realty.