Regency Centers Acquires Retail Property In Central Nassau For $30M | 1900 Hempstead Turnpike | Rob Cullen, Joe Musso, Daniel Abbondandolo, Victor Little | Retail | Sale

Summary

Sale

NEW YORK

Retail

205,148 sqft

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.

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Players

Agents
4

Agencies
1

$102.1M Sold

$104.4M Sold

$330.5M Sold

$134.3M Sold

Details

Deal Summary

SOLD

IMAGE: Kyle Burkhardt, Dan Abbondandolo, Patrick Ciancimino & Joegy Raju DATE: 10/12/2022 ADDRESS: 1900 Hempstead Tpke MARKET: Central Nassau ASSET TYPE: Retail BUYER: Regency Centers SELLER: Weiss & White Family Trust BROKERS: Kyle Burkhardt, Dan Abbondandolo (@TeamAbbondandolo), Patrick Ciancimino (@PatCiancimino), Joegy Raju (@JoegyRaju), Rob Cullen, Joe Musso (@JoeMusso) & Victor Little (@Victor.R.Little) - Cushman & Wakefield (@CushWake) SALE PRICE: $30,000,000 SF: 205,148 ~ PPSF: $146 NOTE FROM BROKER: Cushman & Wakefield’s Team Burkhardt & Team Abbondandolo successfully represented the seller in the disposition of East Meadow Plaza, an 11.16-acre site at 1900 Hempstead Turnpike. The generational asset traded hands for $30,000,000, a testament to its distinctive location in the heart of Nassau County. The shopping center is home to 132,332 sq. ft. of open-air retail space and a five-story, 72,816 sq. ft. office building surrounded by 450 parking spaces. Built in 1971, East Meadow Plaza was owned by the Weiss family of Weiss Family Greenhouses. The property was once known as a wholesale farm that shared ownership with the neighboring property on its south side (Stew Leonard’s Plaza). For the first time in over 100 years, the two properties will join under the same ownership, marking a historical acquisition for the nation’s largest REIT. Please contact the exclusive brokers for more information on this transaction.

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Address1900 Hempstead Turnpike

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