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Sunrise Mall Holdings LLC

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Long Island Mall Sells For Nearly $30M, Report Says Long Island Mall Sells For Nearly $30M, Report Says
Long Island Mall Sells For Nearly $30M, Report Says The Sunrise Mall on Sunrise Highway on Long Island sold for nearly $30 million, a fraction of what it went for when it was previously sold in 2005. Sunrise Mall Holdings LLC, a joint venture led by Manhattan real estate investment trust Urban Edge Properties, paid $29.7 million to purchase the Massapequa mall from Westfield, the company announced this week. The 1.2 million-square-foot mall previously sold for more than $140 million in 2005. The new deal also calls for upwards of $6 million in contingency consideration funds. Key tenants at the mall include Macy’s Sears, and Dicks Sporting…

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by Zak Failla