Green Acres mall sold for $500 million
A California company has agreed to buy the Green Acres mall in Valley Stream for $500 million, owner Vornado Realty Trust announced Oct. 22, 2012. Credit: Green Acres
A California company has agreed to buy the Green Acres mall in Valley Stream for $500 million, owner Vornado Realty Trust announced Monday. Santa Monica-based Macerich Co., a real estate investment trust, plans to complete the sale in the first quarter of next year.
Macerich, which reported assets of $7.94 billion in 2011, also plans to buy the Kings Plaza Mall in Brooklyn from a Vornado subsidiary for $751 million. Vornado announced the deals on its website. Macerich did not immediately respond to a call for comment.
'Tis the season for the NewsdayTV Holiday Show! The NewsdayTV team looks at the most wonderful time of the year and the traditions that make it special on LI.
'Tis the season for the NewsdayTV Holiday Show! The NewsdayTV team looks at the most wonderful time of the year and the traditions that make it special on LI.
