Tag: retail real estate

Redefine Meals has opened its new location in Huntington.  

The company, which offers prepared meals, opened a store in an 800-square-foot retail space at 11 Wall St. The space was formerly occupied by Huntington Art Center.  

The new Huntington store is the 8th dedicated retail location for Redefine Meals on Long Island. The company’s other locations are in Babylon, Bellmore, Commack, Lake Grove, Patchogue, Port Jefferson, and Syosset. The company also has three retail shops within Unique Fitness locations in Farmingville, Holbrook and Shirley. 

The Huntington store will be open seven days a week and carry a full line of grab-and-go meals and snacks. It will also serve as a pick-up location for customers who pre-order their meals at redefinemeals.com.  

Founded by Matthew Riss and his childhood friend Mark Ciaburri in 2016, Redefine Meals features a menu with dozens of items, including Baked Vodka Chicken Parmigiana, Hibachi Salmon Bowl, Teriyaki Skirt Steak with Grilled Pineapple, and Shrimp Tacos with Mango Pico. The ready-to-go meals, priced from $8 to $11, are sold through the company’s website or stores and can be delivered or picked up at its retail locations. 

Wild Fork Foods, a meat and seafood market chain, will be opening its first three stores on Long Island. 

The Doral, Fla.-based company, which specializes in frozen meat and seafood staples, as well as exotic meats, fruits, vegetables and prepared foods, has leased retail space in Lake Grove, Plainview and West Hempstead. All three locations are in shopping centers owned by the Breslin Organization. 

Wild Fork leased a 4,500-square-foot space in Smith Haven Plaza at 2075 Moriches Road in Lake Grove; a 4,700-square-foot space in Woodbury Plaza at 409 South Oyster Bay Road in Plainview; and a 3,000-square-foot pad site building in Nassau Plaza at 603 Hempstead Turnpike in West Hempstead, where it will replace Boston Market. 

The landlord hopes to have all three Wild Fork locations opened by the end of the year. 

Wild Fork, a subsidiary of food processing giant JBS USA, opened its first stores in 2018 and now has 38 stores in Florida, Texas, New Jersey, Pennsylvania and California. 

Adam Bass and Eric Gillman of CBRE represented Wild Fork, while Robert Delavale served as in-house representative for the Breslin Organization in the three lease transactions. 

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A youth esports league and education franchise for children is opening a joint discovery center and esports facility in Westbury. 

XP League is teaming up with Snapology, an education franchise centered on STEAM (Science, Technology, Engineering, Art and Math) at the more than 5,000-square-foot space at the Samanea New York mall. The facility will debut on Saturday, June 24 and Sunday, June 25. 

XP League and Snapology are part of the franchise portfolio of Unleashed Brands, the parent company of Premier Martial Arts, Class 101, The Little Gym and Urban Air Adventure Parks. 

The combined Discovery Center and esports league features activities from both XP League and Snapology, serving as a one-stop-shop experience for children, according to a company statement. The space features three classrooms, one for Snapology, another for XP League and a third dedicated to birthday parties.  

Snapology’s Discovery Center classroom engages children through STEAM activities such as coding, robotics and animation as well as creative play stations involving Lego bricks, Minecraft, Virtual Reality and more. Its core teaching methods are aimed at allowing children’s cognitive skills, social and emotional learning and sportsmanship to grow in a safe environment, while boosting self-confidence, according to the statement. 

XP League, on the opposite side of the center, will offer a line-up of coach-led esports games, such as Fortnite, Valorant, Rocket League, Overwatch, League of Legends, Apex Legends, and more. 

Both brands are currently offering Founding Member specials at a $25 discount, which includes one class or two gaming sessions per week, creative and open play, discounts on birthday parties and camps and more. 

“We are excited to bring this Discovery Center concept and esports league together into one facility that is unlike anything we’ve ever created,” Paul Bodycomb and Nancy Seltzer, XP League and Snapology franchisees, said in the statement. “The new Samanea Mall in Westbury is quickly becoming a mecca for family fun and activities in the area so we’re excited to introduce Snapology and XP League to the community and bring a truly unique experience to families with children of all ages and interests, helping them learn, play and grow.” 

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A Long Island commercial real estate investment firm has bought and sold retail properties totaling $3.44 million in trades. 

Seaford-based Petrakis Realty Group sold a 6,153-square-foot retail building on .46 acres at 723 N. Bridge St. in Elkton, Md. for $1.175 million. The property, sold to a California-based investment firm, is net-leased to CVS and the sale price equates to a 7.5 percent cap rate. 

Petrakis Realty purchased a 2,500-square-foot retail building on .38 acres at 1574 Old Buckroe Road in Hampton, Va. for $1.117 million. The property is net-leased to 7-Eleven and the sale price equates to a 5.5 percent cap rate. 

Petrakis also acquired a 2,640-square-foot retail building on 1.23 acres at 1101 W. Laraway Road in New Lenox, Ill. for $1.15 million. The property is net-leased to 7-Eleven. 

Nick Anzalone of Silber Investment Properties represented the buyer, North Bridge LLC, in the Maryland CVS sale, while Adam Silber of Silber Investment Properties represented the seller, Petrakis Realty Group. 

Silber and Anzalone represented buyer Petrakis in the Virginia 7-Eleven sale, while Brent Hanna of Encore Real Estate represented the seller, Hampton Corner LLC. 

In the Illinois 7-Eleven deal, Silber represented buyer Petrakis, while Anzalone represented seller MMV LLC. 

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Blumenfeld Development Group has formed a joint venture with Regency Centers to redevelop the SunVet Mall in Holbrook.

Terms of the deal were not disclosed. 

The partnership has signed a Whole Foods Market to serve as the anchor of the property, which is being converted to a 168,000-square-foot open-air shopping center. 

The plans include adding two junior anchor tenants and 53,000-square-feet of shops and six outparcels, including a new location for the currently operating Citibank, according to a joint statement. 

Last year, Syosset-based BDG signed a 99-year ground lease for the 18-acre retail complex at 5801 Sunrise Highway with plans to redevelop the distressed property. 

Built about half a century ago, the Sun Vet Mall has fallen on hard times in recent years. Formerly anchored by a 60,000-square-foot Pathmark supermarket and a 100,000-square-foot Toys-R-Us, the two big-box stores that flank the mall have been vacant for a while. The 110,000-square-foot now vacant interior portion of the mall was once home to 30 retail tenants. 

The Holbrook property becomes Jacksonville, Fla.-based Regency’s 11th retail center in the Long Island market, following its $130 million acquisition of four shopping centers from Serota Properties at the end of 2021 and its $30 million purchase of East Meadow Plaza last fall. 

“When the Blumenfeld Development Group shared their vision of bringing SunVet back to life as a modern community shopping center, we knew we wanted to be involved,” Rebecca Wing, vice president of investments for Regency Centers, said in the statement. “Regency is committed to delivering on that vision and creating a best-in-class shopping destination that will resonate with the community for many years to come. We can’t wait to share more about our retailer lineup as construction begins later this year.” 

Regency Centers will hold the majority interest in its joint venture with BDG and will oversee leasing and operations for the Holbrook complex. 

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A retail center in Water Mill has sold for $13.1 million. 

Vault Development Partners, a real estate investment firm led by Robert Zecher, purchased the six-building, 29,500-square-foot retail complex called The Mill at 760 Montauk Highway. 

The mostly occupied 3.64-acre property has one 4,690-square-foot vacancy, a space formerly occupied by Soul Cycle. 

“We are thrilled to acquire such a prime property in one of the most desirable retail centers in the Hamptons investment marketplace,” Zecher, CEO of Vault Development Partners, said in a written statement. “We see tremendous potential for The Mill, and our team is eager to enhance its offerings.” 

Hal Zwick and Jeff Sztorc of Compass represented the buyer, as well as the seller, Watermill Shoppes LLC, in the sales transaction. 

“Water Mill is the gateway to the eastern communities of the Hamptons. Many have considered it a ‘drive-through.’ That is going to change,” Zwick said in the statement. “Robert Zecher and the team at Vault will enhance the center from the physical presence, tenant mix, and ongoing events. The locals, day-trippers, and second homeowners will all have a reason to make the village a destination regularly.” 

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A grocery-anchored shopping center in Riverhead has been sold. 

Prestige Properties & Development purchased the 395,000-square-foot Riverhead Centre on 50 acres at 1430-1550 Old Country Road. 

The price was not disclosed, but real estate sources said it sold for $71 million. 

Built in 2003, Riverhead Centre is 99 percent occupied and anchored by ShopRite, which took the space formerly occupied by Waldbaums in 2018. Other tenants include Home Depot, Bed Bath & Beyond, Best Buy, Petco, Michaels, DSW Shoe Warehouse, Famous Footwear, Barnes & Noble, Ashley Home Store and IHOP. 

“Prestige Properties specializes in the acquisition, development and management of institutional-quality retail assets,” Sam Shalem, CEO of Prestige Properties, said in a written statement. “Riverhead Centre is a great addition to our more than 6.5 million square feet of retail properties under ownership in the New York, New Jersey, Pennsylvania, Massachusetts, Connecticut, North Carolina and Florida markets.” 

On Long Island, Prestige Properties also owns the 208,000-square-foot DSW Plaza Shopping Center in Lake Grove. Prestige sold 8.5 acres of the 28-acre Lake Grove center to Rochester-based Wegman Food Markets, where the grocery chain will be building a 100,000-square-foot store, its first Long Island location. 

Jose Cruz, Kevin O’Hearn, J.B. Bruno and Mark Belenky of JLL procured the buyer and represented the seller, AFL-CIO Building Investment Trust, in the Riverhead sales transaction. 

“The demand for well-located, grocery-anchored retail continues to remain strong in the suburban New York area,” Cruz said in the statement. “Investors liked Riverhead Centre given the stability of the cash flow as well as the future upside rent growth.” 

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The Cook’s Studio, which offers interactive cooking classes, has leased a new location in Patchogue. 

The company leased a 1,682-square-foot retail space at 3 Village Green Way in the New Village mixed-use complex. 

This will be the third Long Island location for The Cook’s Studio, which also has cooking studios in Hicksville and Huntington. The Patchogue location is expected to open this summer. 

Michael Tucker of Daniel Gale Commercial represented the tenant, while Maria Valanzano and Steven D’Orazio of Colliers represented the landlord, Tritec Real Estate, in the Patchogue lease transaction. 

“The Cook’s Studio lease helps complete another portion of the vision that Tritec had for New Village and the Village Green when it planned and built the property,” Valanzano said in a written statement. “The Cook’s Studio and other retail tenants are helping to create long-term sustainability for Patchogue and providing the community with a fun, vibrant atmosphere that anyone would want to have in their backyard.” 

The retail portion of New Village is now 95 percent occupied. 

“The Cook’s Studio is yet another leading business that the tenants of the New Village and the community of Patchogue are sure to love,” Chris Kelly, vice president of marketing at Tritec, said in the statement. “When we designed New Village, we envisioned a fun, family-friendly environment that people want to live in or visit. We’re proud to have helped achieve this goal and we’re thankful to Maria, Steven and Colliers for finding the types of quality tenants that make Patchogue one of Long Island’s most vibrant downtowns.” 

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A new Burlington store is coming to the Huntington Commons shopping center. 

The New Jersey-based off-price retailer leased 25,442 square feet at the New York Avenue center. 

Burlington leased the Huntington Commons space formerly occupied by Marshalls, which moved to a 27,357-square-foot space next to the new ShopRite supermarket. The ShopRite and Marshalls stores were carved out of the space once occupied by Kmart when the center was known as the Big H. 

Huntington Commons has been undergoing a $31 million renovation by its owner Urban Edge. With the new leases, the center’s occupancy rate has increased to 92 percent. 

“Burlington is a terrific complement to our existing merchandise mix at Huntington Commons,” Leigh Lyons, senior vice president at Urban Edge, said in a company statement. “With essential grocery alongside compelling value retail as well as new fitness and wellness options, there is even more reason for shoppers in the surrounding community to visit the property more often.” 

Clifford Simon and David Rosen of CNS Real Estate represented Burlington in the Huntington Commons lease transaction. 

Next week, Burlington is opening a new 25,901-square-foot store at Meadowbrook Commons in Freeport. 

Publicly traded Burlington Stores has about 900 stores in 46 states and Puerto Rico. The company reported net sales of $8.7 billion in fiscal 2022.   

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