Midwood Investment & Development has sold Whole Foods at Westbury, a 55,109-square-foot, Whole Foods Market-anchored shopping center located in the affluent suburban Long Island community of Garden City, N.Y.
A private family investment firm acquired the asset for $65.25 million.
Whole Foods recently executed a 20-year lease for the building, which opened in 2020, and has since welcomed 1.17 million visitors, making it the most visited Whole Foods on Long Island. According to Placer.ai, the store ranks in the 94th percentile of all grocery stores in the U.S. The property is at 857 East Gate Blvd. and includes a 4,818-square-foot, freestanding pad space fully occupied by HSBC Bank and Bond Vet, and the center provides ample parking.
“Whole Food Westbury attracted interest from the most aggressive international and domestic institutional, REIT and private capital due to its infill location, dominant anchor in Whole Food and long lease term,” said James Gal
