Greenwich, CT - March 11, 2002 - Greenwich, CT based Charter Realty & Development Corp. has been retained by Wynnewood, PA based WP Realty to redevelop and release Carmen’s Plaza. Located on Carmen’s Way, just off of Route 110 in Massapequa, NY, Carmen’s Plaza is a 200,000 square foot shopping center. The property was recently acquired by WP Realty and is a target for a large redevelopment.
The center is anchored by Pathmark Supermarket, Duanne Reade, and Blockbuster Video. There is a vacant Caldor Building, which represents a 108,000 square foot vacancy. This space can be rented, divided, expanded or even demolished for a larger user. It represents an opportunity to locate a large store in a densely populated area of Nassau County. There are over 384,000 people with the primary trade area earning over $99,000 per household. The center was acquired at auction.
For more information contact Dan Zelson, Charter Realty & Development Corp., 411 West Putnam Avenue, Suite 111, Greenwich, CT 06830, www.Chartweb.com.