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CushWake Arranges Sale of Former Sears at LI’s Smith Haven Mall
Cushman & Wakefield arranged the sale of the former Sears store and Sears auto center located at the Smith Haven Mall in Lake Grove, NY, within Long Island’s Suffolk County. Terms of the sale weren’t disclosed.
Rob Kuppersmith, Daniel Abbondandolo and Marisa Karmitz of Cushman & Wakefield and Gene Spiegelman of Ripco represented the buyer, Steel Equities. The seller was represented by JLL.
“This transaction represents the epitome of ‘on-trend’ real estate deal making,” said Kuppersmith. “The buyer plans to convert the former Sears parcel into an adaptive use property.”
The property totals 300,000 square feet across a ground floor, second floor and lower level.
Situated in the 1.3-million-square-foot regional mall that services the North Shore of Long Island in Suffolk County, the asset offers visibility from and access to the Smithtown Bypass, which sees more than 46,800 vehicles per day.
- ◦Sale/Acquisition

