MRA SIGNS BJ'S TO ANCHOR GARDEN CITY SQUARE

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GARDEN CITY, N.Y. — Metropolitan Realty Associates (MRA) has inked a deal with BJ's Wholesale Club for 121,000 square feet at the newly renamed Garden City Square, a 335,000-square-foot mixed-use property located at 711 Stewart Ave. in Garden City. The warehouse retailer expects to open the new location in October 2012. John Hanlon of RIPCO Realty represented BJ's in lease negotiations. Matthew Wallerstein provided in-house representation for MRA, which purchased the formerly distressed property last May for $15 million. Vacancy at the time was 71 percent.

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