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New York Mall Purchase Points to Further Retail Property Transformation

Urban Edge Buys Long Island Center It Considers for Potential Industrial Uses
Sunrise Mall has 1.2 million square feet of retail space and is 65% occupied. (CoStar)
Sunrise Mall has 1.2 million square feet of retail space and is 65% occupied. (CoStar)

The acquisition by Urban Edge Properties of a mall in Long Island, New York, for $29.7 million with an apparent eye to redeveloping part of it for industrial purposes reflects an increasingly common new use for retail space across the United States.

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