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New York & Tri-State  + Long Island  + Retail  | 

ShopOne Picks Up LI Grocery-Anchored Center

JLL closed the $17-million sale of Hubbards Commons, a 65,970-square-foot, grocery-anchored shopping center in the Long Island community of West Babylon, NY. ShopOne Centers REIT purchased the property.

The New Jersey-based JLL capital markets team representing the undisclosed seller included Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver, Andrew Scandalios and Grace Braverman. Hubbards Commons is 98% leased to a variety of tenants, including Best Market, Rite Aid Pharmacy and Orangetheory Fitness.

“Hubbards Commons’ location, as well as tenant mix, drew strong interest from local and national buyers,” said Cruz. “Grocery-anchored centers continue to be highly sought after by the investment community.”

The one-building center was renovated in 2017, and is expandable through the development of a 10,900-square-foot building on an adjacent 1.8-acre, fully approved pad site.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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