{"id":1004192050,"date":"2017-09-29T09:22:33","date_gmt":"2017-09-29T17:22:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192050"},"modified":"2021-05-15T02:26:19","modified_gmt":"2021-05-15T10:26:19","slug":"sterling-org-expands-grocery-anchored-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sterling-org-expands-grocery-anchored-portfolio\/","title":{"rendered":"Sterling Org. Expands Grocery-Anchored Portfolio"},"content":{"rendered":"

By Corina Stef<\/p>\n

\"Huntington<\/a>

Huntington Square Plaza, East Northpoint, N.Y.<\/p><\/div>\n

Shortly after purchasing Palm Valley Marketplace in Phoenix<\/a>, Ariz., Sterling Org. has acquired Huntington Square Plaza, a fully occupied grocery-anchored shopping center in Huntington, N.Y. The firm bought the property through its institutional core fund Sterling United Properties I.<\/p>\n

The 126,000-square-foot asset occupies 10.9 acres and was built in 2002. National retailers Stop & Shop and Best Buy anchor the property, with both leases expiring in 2023.<\/p>\n

Highly transited area<\/h2>\n

Huntington Square Plaza is located at 3124 Jericho Tpke. (Route 25), in Huntington\u2019s\u00a0East Northport area. Due to its ideal positioning along one of Suffolk County\u2019s most highly transited retail corridors, the shopping center is exposed to more than 40,500 vehicles per day. Additionally, the property is 30 miles west of New York City.<\/p>\n

HFF Investment Sales Team Senior Managing Director Jose Cruz, Managing Director Kevin O\u2019Hearn and Senior Directors Stephen Simonelli and Michael Oliver represented the seller in the transaction.<\/p>\n

\u201cWe are excited to have had the opportunity to make this investment, which is our first on Long Island,” said Sterling Org. Senior Managing Director of Investments and Portfolio Management Ed Senenman, in a prepared statement. “Huntington Square Plaza is anchored by two solidly performing retailers on long-term leases, characteristics that fit the investment profile for SUP I.<\/em>\u201d\u00a0<\/p>\n

Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

HFF brokered the sale of Huntington Square Plaza, a fully leased 126,000-square-foot shopping center located in the Long Island community of Huntington, N.Y.<\/p>\n","protected":false},"author":241,"featured_media":1004192052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1600,21742,10,21749],"tags":[35041,32792,36215,37133],"class_list":["post-1004192050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-new-york","category-latest","category-northeast","category-retail","tag-best-buy","tag-hff","tag-sterling-organization","tag-stop-shop"],"acf":[],"yoast_head":"\nSterling Org. Expands Grocery-Anchored Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sterling-org-expands-grocery-anchored-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterling Org. 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