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

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. 

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Cushman & Wakefield's Kuppersmith

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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