HEWLETT, NY—The circa 1959 Peninsula ShoppingCenter here has been sold to real estate investment anddevelopment firm Basser Kaufman of Woodmere,NY.
The 70,000-square-foot neighborhood shopping center was sold byShelly Horne of HST Realty. Nofinancial information in connection with the purchase was released.The property is anchored by what Basser Kaufman terms is astrong-performing Food Town Supermarket and anumber of long-term retailers.
“We have exciting plans for the site, starting with an all-newfaçade and upgrades to the roof and parking area,” saysMarc Kemp, principal of Basser Kaufman. “Given ourextensive experience, and expert knowledge of and connection to thearea, we are uniquely qualified to make this shopping center thebest it can be for the community.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
