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Voice Road Plaza Sells for $35M

CARLE PLACE, NY-Just three years after First Allied purchased the 130,000-sf property, it turns around and sells it for almost $5 million more.

By Katie Hinderer | Updated on January 04, 2007

(For more retail coverage, click GlobeSt.com/RETAIL.)

CARLE PLACE, NY-Shopping center Voice Road Plaza was purchased by a New York-based hedge fund, which is managed by Stillwater Capital and operating partners Reuven Kahane & Ian Deutsch of Voice Road JV LLC. Rochester-based First Allied Corp. was the owner of the 130,000 sf property which sold for $35.4 million.

The property is located just two blocks from Roosevelt Field Mall, the fifth largest mall in the US. The major tenants include Big Lots, Staples, Bass Shoes and Party City.

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