NEW YORK—Vornado Realty Trust has completed the previously announced disposition of the Green Acres Mall in Valley Stream, Long Island, N.Y. for $500 million. Net proceeds from the sale totaled approximately $185 million. The property was acquired by The Macerich Co.
Major retailers at Green Acres Mall include American Eagle Outfitters, Best Buy, BJ’s and Foot Locker, among others. The mall totals approximately 1.8 million sq. ft. of space.
The Macerich Co. owns, operates and develops retail properties across the U.S. Founded in Ames, Iowa in 1964, Macerich is headquartered in Santa Monica, Calif.