Warehouse Store To Open In East Garden City




Metropolitan Realty Associates LLC has announced that it has leased 121,000 square feet of a property just east of the Garden City border to BJ’s Wholesale Club, a warehouse retail club. The store is expected to open in October 2012.

Metropolitan Realty, whose president Joseph Farkus is a Garden City resident, purchased 711 Stewart Avenue in East Garden City for $15 million in May 2010, when the building was 71 percent vacant. The building has a total of 335,000 square feet in total. The property has been renamed Garden City Square.

“We are extremely pleased that BJ’s recognized the strategic location of our property,” said Joseph Farkas. “Our ability to quickly find a high-quality tenant for this space justified our decision to purchase this distressed property and confirmed our belief in its ability to attract quality retailers for the vacant space. Today, numerous national retailers are actively pursuing retail space opportunities at the property.”



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