October 1, 2019 – Plainview, NY – King Kullen Grocery Co., Inc. sold an 8,000 square foot industrial building at 113 Kean Street, West Babylon, NY to 1216 Owners LLC. David G. Hunt represented King Kullen as exclusive agent for the seller, and Jason Miller of Premier Commercial Real Estate represented the buyer.
The 8,000 square foot industrial building is primarily a large workshop and warehouse space, and is situated on a plot of .43 acres. “I represented King Kullen as their exclusive agent in the acquisition of this building over 15 years ago,” said Mr. Hunt.”It was purchased for use as a maintenance and repair of equipment and displays for their retail stores. Today, the market for buildings of this size is very competitive, and there were multiple bids for the property.”
King Kullen Grocery Co., Inc. is an American supermarket chain based on Long Island. The company is headquartered in Bethpage, New York and was founded by Michael J. Cullen on August 4, 1930. King Kullen is presently being acquired by Stop & Shop, and a closing is anticipated by the end of the year.
Hunt Corporate Services, Inc. specializes in the rental, sale, and valuation of industrial and commercial real estate throughout the United States, primarily on Long Island, New York, since 1973. For further information, contact Lil Pavone at (516)937-1000 or lpavone@huntcorp.com. Full information on the firm and its clients can be found at www.huntcorp.com.