Vornado Realty Trust sold Broadway Mall on Long Island to an investor group that included private equity bigwig KKR for $94 million.
KKR’s partners were Clifton Realty and Continuum Partners’ Peter Fair and Pacific Retail Capital Partners. Broker Andrew Merin of Cushman and Wakefield represented Vornado in the deal. The 1.1 million-square-foot mall at 358 North Broadway in Hicksville was last renovated in 1991. Tenants include Macy’s, Ikea and Target.
“This was a rare Long Island mall offering, and with its great demographics it attracted considerable interest,” Merin said in a statement provided to Bloomberg News.