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MATTONE GROUP AND GARTENSTEIN PROPERTIES ACQUIRE THE SHOPRITE AT BAY SHORE, LONG ISLAND FOR $30 MILL



Bay Shore, New York— September 30, 2016 — Mattone Group with partner Gartenstein Properties completes the purchase of the ShopRite at Bay Shore, Long Island for $30 million. The partnership was in a 1031 exchange, having recently completed the sale of its residential apartment complex in Brooklyn, New York for $50 Million. The ShopRite location in Bay Shore is the acquisition leg of the exchange.







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