Veterans Memorial Plaza receives a tremendous consumer draw and offers a highly diversified tenant mix while servicing a market with strong household income and population density.
Gross Cost: $2.5 M
Completion Date: 3Q 2012The King Kullen Plaza is located in Commack between the Huntington and Smithtown trade areas in Suffolk County, New York, near the center of the area's retail hub. This site's redevelopment was facilitated by the re-tenanting of former Linens 'n Things with Harbor Freight and the expansion of Toys "R" Us, and continued when Border's vacated to make way for a LA Fitness. In addition, the local tenant Grill 454 was recently replaced by Miller's Ale house at a significant rental increase. Miller's Ale House has commenced construction of a new building which is anticipated to be completed in 2014. All three vacancies yielded significant value creation and tenant mix strengthening in this core Long Island market asset.
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by Block Group
Popstats, 4Q 2018 rev., Trade Area Systems
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