Search
 

$103M Harnesses Roosevelt Raceway Center

NEW YORK CITY-ING Clarion sold the 427,000-sf retail center in Westbury, NY to the Mattone Group and Gartenstein Properties for $103 million.

By Ryan Clark | Updated on July 24, 2008

WESTBURY, NY-The Mattone Group and Gartenstein Properties is purchasing the Roosevelt Raceway Center from ING Clarion Partners LLC. The $103 million price will net 427,000 sf of retail space for the companies. The center is leased-up to tenants including, but not limited to Home Depot, Home Depot Expo, Michael’s, Babies ‘R’ Us, Sprint, Lowe’s Theatre, Applebee’s and Chili’s.

The Roosevelt Raceway Center is on Corporate Drive in Westbury, NY on Long Island. The deal is being put together by Glenn Whitmore, sr. managing director, and Robert Delitsky, managing director, both from Holliday Fenoglio Fowler LP. HFF arranged a $70.7 million acquisition loan with New York Community Bank for this deal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.