HFF announces sale of Long Island grocery-anchored retail center
FLORHAM PARK, NJ – September 28, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Huntington Square Plaza, a 116,200-square-foot, fully leased, grocery-anchored center in the Long Island community of Huntington, New York.
The HFF team marketed the property on behalf of the seller.
Completed in 2002, Huntington Square Plaza is home to Stop & Shop and Best Buy. Both credit-rated national retailers are original tenants of the center and have long-term leases. Situated on 10.87 acres at 3124 Jericho Turnpike (New York Route 25), the center is located along the Jericho Turnpike retail corridor at Lakefield Road, one of the most highly traveled retail pockets within Suffolk County with approximately 40,500 vehicles per day. Huntington is an affluent community located on Long Island’s North Shore, and almost 75,000 residents earning an average annual household income of $149,589 live within three-miles of Huntington Square Plaza.
The HFF investment sales team representing the sellers included senior managing director Jose Cruz, managing director Kevin O’Hearn and senior directors Stephen Simonelli and Michael Oliver.
“The property was very well received in the market and the investment community valued the stability of the center,” Cruz said.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.