GARDEN CITY, NY – Vertically-integrated investment, development and management platform Midwood Investment & Development has sold a 55,109-square-foot, Whole Foods Market-anchored shopping center in Garden City, NY for $65.3 million.

The asset, Whole Foods at Westbury, was purchased by a private family investment firm.

Located at 857 E. Gate Blvd. in the Long Island suburb, Whole Foods at Westbury ranks in the 94th percentile among all grocery stores in the US, according to Placer.ai. The property also serves as the most visited Whole Foods on Long Island. Since opening in 2020, the building has welcomed 1.2 million visitors.

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

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.