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

Heidenberg Properties Divests Hauppauge Retail Center

 JLL Capital Markets has closed the sale of Hauppauge Plaza, a 34,919-square-foot, community-focused retail center on Long Island in Hauppauge, NY. The sale price wasn’t disclosed.

JLL’s Christopher Munley, Jim Galbally, Jose Cruz, Colin Behr, JB Bruno and Andrew Scandalios represented the seller, Heidenberg Properties. Serota Properties acquired the asset.

The 100% leased Hauppauge Plaza is anchored by Dollar Tree. Additional tenants include Moe’s Southwest Grill, Duck Donuts, Sola Salon, Ace Plus Cleaners, Jersey Mike’s, Eddie’s Sakura Sushi Matador Cigar Lounge and Mama Sbarro’s Pizzeria. The property features a WALT of 4.4 years.

Heidenberg Properties’ COO Jason Lazar said, “Hauppauge Plaza presented us with the unique opportunity to re-invent a neighborhood center around Dollar Tree as our anchor. When it opened in late 2015, it served as a catalyst for other desirable national and regional operators.”


Inside The Story

Heidenberg Properties

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 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).