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Business

Great Neck company buys market property for $20M

Whole foods logo

Whole foods logo

Great Neck-based One Liberty Properties Inc. said Wednesday it has bought a Connecticut property in a $20 million deal.

The 3.7 acre parcel in West Hartford is under a lease to a Whole Foods Market that operates a 47,000-square-foot store there. The lease extends to 2026.

The $20.55 million purchase price will be paid through the assumption of a $13 million existing mortgage, and in cash.

With the buy, One Liberty said, it has added ten properties so far this year at a cost of about $62 million. A real estate investment trust, One Liberty is publicly traded on the New York Stock Exchange.

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