Midwood Investment & Development Sells Garden City Retail Property For $65.3M

The property involved in this closed transaction is a retail asset located at 867 E. Gate Blvd. in Garden City. The property spans a total area of 55,109 square feet and was sold by Midwood Investment & Development. The transaction was facilitated by brokers James Galbally, Chris Angelone, Jose Cruz, Christopher Munley, Andrew Scandalios, Colin Behr, and J.B. Bruno from JLL. The sale price for the property amounted to $65,300,000, resulting in a price per square foot of $1,184.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $65,300,000
• Address: 867 E. Gate Blvd.
• Market: Garden City
• Seller: Midwood Investment & Development
• Brokers: James Galbally, Chris Angelone, Jose Cruz, Christopher Munley, Andrew Scandalios, Colin Behr, and J.B. Bruno - JLL
• Square Footage: 55,109
• Price per Square Foot: $1,184

The deal involved a group of brokers from JLL, namely James Galbally, Chris Angelone, Jose Cruz, Christopher Munley, Andrew Scandalios, Colin Behr, and J.B. Bruno. They represented the seller, Midwood Investment & Development, in this transaction. The involvement of these individuals highlights their expertise in the real estate market and their contribution to the successful sale of the property.