The Gallery at Westbury Plaza | EQUITY ONE
900 OLD COUNTRY ROAD, GARDEN CITY, NY
ABOUT THE ASSET
In late 2009, Equity One, Gazit-Globe’s subsidiary in the U.S., purchased Westbury Plaza, a 37,000 square meter shopping center anchored by Walmart and Costco on Old Country Road in the heart of Nassau County, New York, one of the U.S.’s busiest and most affluent retail corridors. During that transaction Equity One identified a potential development opportunity and purchased an adjacent 22-acre land parcel that had been vacant for nearly 10 years.
In 2012, constructions of the adjust land parcel were finalized with the grand opening of The Gallery at Westbury Plaza, a 30,000 square meters shopping center anchored by The Container Store, Trader Joe’s, Nordstrom Rack, Bloomingdale’s Outlet, Saks Off Fifth, SA Elite, Old Navy, Ulta Cosmetics, and Shake Shack.
The Gallery at Westbury Plaza is a precedent-setting, spacious multi-level, open air shopping center featuring a complimentary mix of the hottest apparel stores, delicious dining options, and specialty retailers.
This acquisition underline our strategy of both seeking high quality income producing assets, located in major urban markets in our target geographies, and of continually looking at ways to utilize our asset management and development skills to add value to our existing assets.