Broadway Commons Mall on Long Island, New York Sold

Long Island, NY: The Broadway Commons Mall in Hicksville, Long Island, NY was acquired by a group of real estate investors for an undisclosed price.  K/BTF Broadway LLC, representing a partnership between BTF Capital, the KABR Group, and AJM BRE Ventures.

Broadway Commons Mall – Hicksville, NY

Broadway Commons Mall, situated at 358 N. Broadway in Hicksville, is a strategic retail hub in Nassau County. Anchored by Long Island’s sole IKEA store, sprawling over 240,000 square feet, and a 137,000 square-foot Target, the mall is a cornerstone of retail, dining, and entertainment on Long Island. With over 120 retail stores, diverse dining options, and entertainment facilities including Showcase Multi-plex cinema and Round1 Entertainment, Broadway Commons offers a wide variety of experiential retail. The transaction includes approximately 1.1 million square feet of retail space on a vast 68-acre site, in the center of Nassau County, New York.

Kenneth Schuckman, co-founder of BTF Capital, emphasized the strategic importance of the acquisition, “This asset is in the heart of one of the country’s most vibrant trade areas. The synergy of our partnership’s expertise is set to bring significant benefits to the surrounding community and contribute to the broader economic vitality of Long Island.”

Strategically located amidst several major arteries and just a block north of the Hicksville LIRR Station, Broadway Commons is at the crossroads of significant transit and development. This location, coupled with planned mixed-use developments in the vicinity, positions the asset for significant opportunities.  “Broadway Commons stands out as a premier asset in a highly competitive market. Its inherent qualities speak to its past success and future potential,” said Adam Altman, Managing Partner of the KABR Group. 

The acquisition by K/BTF Broadway LLC not only underscores the enduring appeal and potential of regional malls like Broadway Commons but also signals a vote of confidence in the retail sector’s resilience and adaptability. The partnership’s combined talents and resources are poised to enhance the property’s offerings, further integrating it into the fabric of Long Island’s community life and economic future.

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