14 The Courier sun • REAL ESTATE • OCTOBER 30, 2014 for breaking news visit www.couriersun.com Rendering courtesy of Platinum Realty Associates Dunkin’ Donuts, Japanese restaurant coming to new Ozone Park shopping center BY LIAM LA GUERRE [email protected] @LiamLaGuerre A new shopping plaza in Ozone Park will have a wide variety of retailers and restaurants, including national brands, according to a representative for Queensbased Platinum Realty Associates, which owns the center. Dunkin’ Donuts and Domino’s Pizza have already signed on as tenants, as well as a “high-class Japanese restaurant” and a phone carrier, said David Koptiev, vice president of Platinum. Koptiev added that they are also wrapping up negotiations with a medical office for a spot in the building, which is located where Cross Bay Boulevard and North Conduit Avenue meet. “I’m excited. I think it’s going to be very, very nice,” MASPETH SHOPPING CENTER SELLS FOR $56 MILLION BY LIAM LA GUERRE [email protected]/@LiamLaGuerre A shopping center in Maspeth is under new management after being sold for $56 million, according to city records filed Oct. 23. The complex sits on two lots, 74-17 Grand Ave. and 53-01 74th St., which is the former home of Maspeth Bowl. It was bought by Shops at Grand Avenue LLC and sold by CPT Grand Avenue. The building, a one-story structure with more than 101,000 square feet of space, was built in 1996 and has a number of local stores and recognizable brands as tenants, including a Stop & Shop, Sleepy’s and Party City branch. City records show CPT Grand Avenue bought the mall in 2009 for $33.5 million. Photo courtesy of Scott Binter/PropertyShark Koptiev said. “It’s more jobs, it’s more stores, it’s bringing a lot to the community.” The one-story building should be completed by the end of the year, and retailers and tenants will begin moving in by early next year. Koptiev said they are looking to add three or four more retailers to the mix, but only tenants that “aren’t going to hurt the community or compete with businesses that are already there.”
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