Malachite Group Acquires Rego Park Retail Portfolio For $66 Million With Meridian Capital Group As Brokers

The Rego Park Retail Portfolio, located in Rego Park, Queens, consists of retail space with a total square footage of 90,000. The property was sold for a transaction amount of $66,000,000, resulting in a price per square foot of $733.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $66,000,000
• Sale Date: 12/18/2025
• Address: Rego Park Retail Portfolio
• Market: Rego Park, Queens
• Square Footage: 90,000
• Price per Square Foot: $733
• Buyer: Malachite Group
• Broker Representatives: Helen Hwang, Thomas Donovan, Brian Szczapa, Tommy Lin, Eugene Kim, Yasmin Kheradpey, Justin Axelrod & Ian Shoenfeld - Meridian Capital Group

The transaction involved Malachite Group as the buyer, with representation by Meridian Capital Group, which included multiple brokers. This transaction reflects the collaboration among various industry professionals in securing the successful sale of the retail asset.