Representing Arctrust, Ripco Real Estate handled the sale of Sayville Shopping Plaza, a 236,000-square-foot retail property in the Long Island community of Bohemia, NY, to Transformco. Terms of the sale weren’t disclosed, although the Long Island Business News reported that some industry sources put the price at $18.5 million.
Jeremy Isaacs, vice chairman of Ripco, handled the sale on Arctrust’s behalf. Prior to the sale, Isaacs represented ownership on the leasing, with tenants including the first Long Island location for At Home and an 80,710-square-foot Floor & Décor in a space formerly occupied by Kmart. The Kmart closure in March 2020 left the property 100% vacant, the LIBN reported.
Sayville Shopping Plaza is located at the northeast corner of Sunrise Highway and Johnson Avenue in Bohemia, with more than 110,000 cars passing this site daily. There’s 39,000 square feet of space currently available.
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).