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Route 59 Kohl's Plaza Sells For $27M
The Kohl’s Plaza on Route 59 in Nanuet has reportedly been sold to a private investor for more than $27 million.
The 157,218-square-foot plaza sits on 15.8 acres of property, according to loop real estate firm Loopnet. Current tenants at the plaza include Kohl’s, 94,260-square-feet); Rockland Music Center (2,500); Mattress Firm (5,175); Sally’s Beauty Supply (1,500) and GameStop (1,750).
Bob’s Discount Furniture (37,380-square-feet) - also in the same plaza, was sold last month to an LLC associated with Patrick Magee of MBC Contractors.
The sale of Kohl’s Plaza continues the recent upheava…
Nation's Largest Mattress Retailer Will Close 700 Stores
Mattress Firm, the nation's largest mattress retailer, will close 700 stores nationwide, including four in New York, after filing for bankruptcy.
It has more than 3,200 stores and nearly 10,000 employees in the U.S. and in recent years had aggressively expanded its retail footprint.
That rapid expansion of stores, including locations often close to each other, resulted in "cannibalization" of sales, the company said.
The four New York locations closing are:
Old Country Road, Plainview
Hylan Blvd, Staten Island
Avenue U, Brooklyn
Flatbush Avenue, Brooklyn
by
Daily Voice
