Amazon is on a New York buying spree.
The e-commerce giant is moving ahead with plans to buy a 26.7-acre portion of the 77-acre Sunrise Mall property in Massapequa to build an operations facility, Newsday reported.
It’s not a done deal, but the struggling mall’s owner, Sunrise Mall Holdings LLC, got approval from the Nassau County Planning Commission on Thursday to subdivide the site into four parcels, clearing the way for a possible sale. The owner plans on keeping the largest of the four parcels, a 32.3-acre section.
An operations facility could include a fulfillment center, sorting center or a last-mile site, Amazon spokeswoman Smitha Rao told the publication. A representative of the owner told the planning commission that Amazon was under contract to buy the land.
“This process is in the early planning stages and additional steps remain,” the e-commerce giant said in a statement to Newday.
The Long Island shopping center is not the only Amazon real estate purchase to make news this week. Bezos’s company bought 522 Fifth Avenue from Aby Rosen’s RFR Holding for an undisclosed price, sources told The Real Deal.
Amazon plans to occupy the troubled Midtown office building. RFR had faced foreclosure on the property last summer, before SL Green came in and bought the building’s debt at a hefty discount.
Urban Edge Properties purchased the Sunrise Mall on Long Island four years ago for $29.7 million. Yet the plan for the complex remains unclear as tenants empty out.
The partnership tasked with redeveloping the Massapequa center still hasn’t revealed its plans, Newsday reported in January. The property is soon going to be down to its last tenant, Dick’s Sporting Goods, when Macy’s vacates 208,000 square feet in the coming months.
– Elizabeth Cryan
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