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Spiegel breaks ground on new shopping center.

Ground has been broken for Spiegel Associates newest shopping center, the. 165,000-square-foot Sunrise Promenade, which occupies a 13-acre tract adjacent to the Busy Bee Mall on Sunrise Highway, one of the few remaining prime retail sites in Nassau County.

According to Arthur D. Sanders, president of Jericho-based Spiegel Associates, who expects Sunrise Promenade to open nearly fully occupied in fall 1993, the company has already pre-leased 102,000 square feet of space to three major tenants: King Kullen, America's first supermarket; The Sports Authority, which operates a chain of sporting goods retail megastores; and Tower Records, one of the nation's largest music and video retailers.

King Kullen has leased 50,000 square feet at Sunrise Promenade for its largest store in Nassau County, which will feature a host of specialty departments, including a pharmacy, a bakery, a seafood department, an in-store florist and a full service deli. Founded in 1930 by Michael J. Cullen, Westbury, New York-based King Kullen is now the only family-owned and operated grocery chain on Long Island. In addition to its Massapequa location, the company has two stores in Staten Island, two in Queens and 45 in Nassau and Suffolk County.

The Sports Authority, which leased 40,000 square feet of space at Sunrise Promenade for its second store in Long Island, offers one-stop shopping for sporting goods consumers with over 25,000 pieces of activewear, name brand footwear, exercise equipment, bicycles and equipment for virtually every sport in each of its stores. In addition to its store at Sunrise Promenade, The Sports Authority has a total of 46 stores including one in Bohemia, New York. The company is currently in the midst of a major expansion and will have 56 stores by year end.

Finally, Tower Records leased 12,000 square feet of space for its second Long Island Store. The West Sacramento. California-based music and videotape retailer has 80 stores in the United States, as well as stores in the United Kingdom and Japan. Its store at Sunrise Promenade will be its fifth New York store, including two in Manhattan, one in Carle Place and one in Yonkers.

Stanley Schuckman of Schuckman Realty, Inc. was the broker on all three transactions. Sanders and Clifford Sondock of Spiegel Associates represented the landlord.

According to Sanders, Spiegel is currently negotiating with two major retailers for leases on 30,000 square feet of space at Sunrise Promenade, and with a national chain for a freestanding restaurant on the site. Spiegel acquired the site in 1952 when it was a vacant lot, and developed a golf driving range; it has been used as a parking lot for the past 26 years. Lawrence M. Rosenbloom of Hempstead, New York, is the architect for the project.
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Title Annotation:Spiegel Associates begins construction on shopping center in Massapequa, Nassau County, New York
Publication:Real Estate Weekly
Date:Nov 11, 1992
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