Share on FacebookTweet about this on TwitterEmail this to someone
Share on FacebookTweet about this on TwitterEmail this to someone
THE COURIER/Photo by Liam La Guerre
THE COURIER/Photo by Liam La Guerre
The popular Whitestone shopping center at 153-01 10th Ave. has been sold again.

A popular Whitestone shopping center has been sold again, but the neighborhood hotspot is likely to remain the same.

Feil Whitestone LLC, an entity under The Feil Organization, bought the property at 153-01 10th Ave. from Onyx Equities and Crow Holdings for nearly $24 million, officials announced Monday.

“It’s a good location,” Brian Feil, the company’s vice president, told The Courier. “From our point of view, it’s a very good investment.”

The 62,000-square-foot shopping center remains fully leased and anchored by a 40,000-square-foot Waldbaum’s, Feil said.

This means the supermarket chain — owned by the Great Atlantic & Pacific Tea Company, known as A&P — keeps its power to lease out the other 20,000 square feet of shops.

The diverse mix of local tenants currently includes an Astoria Federal Bank, Emperor House Chinese Restaurant and Cascarino’s pizzeria.

It was unclear whether A&P would make any changes to the current plan. The company did not respond to requests for comment.

Some tenants and residents hope the center remains the same.

Cascarino’s co-owner, Jimmy Coady, said his restaurant was not affected when the shopping site changed hands in 2012.

Onyx purchased the property then from an affiliate of ABA Partners for nearly $18 million, according to The Real Deal.

“I hope this doesn’t mean anything bad for me,” Coady said. “I grew up in the neighborhood. Everybody in the neighborhood shops there. I hope I can stay there.”

Feil, a real estate company based in New York City, also owns the Glen Oaks Shopping Center at 255-01 Union Tpke.

 

RECOMMENDED STORIES

 

Comments:

Join The Discussion



QNS.com
Popular Stories
Flickr photo by Thomas Hawk
Park up and partake in a drive-in movie tomorrow night in Bayside
NYPD/Google Maps
Cops continue to search for a burglar on the prowl through Bayside, Jamaica and Fresh Meadows
Photo: Deirdre Hayes/Flickr
Free outdoor movies in Queens: Here's your complete summer of 2016 list
QNS.com
Skip to toolbar