RIOCAN HOLDINGS PURCHASES LONG ISLAND SHOPPING CENTER FOR $40.2M

HUNTINGTON, N.Y. — Toronto-based RioCan Holdings has purchased a Class A, 116,221-square-foot shopping center for $40.2 million in Huntington on Long Island. The property is 100 percent occupied anchored by Stop & Shop and Best Buy. Kris Cooper, Margaret Caldwell, Dave Wojciechowski and Dan Zatloukal of Jones Lang LaSalle brokered the transaction.