New York, NY, March 23, 2012 – Infinity Real Estate LLC, a wholly owned business unit of the Infinity Group, announced today the purchase of 1995 Nesconset Highway, a 19,417 square foot free standing Fortunoff Backyard Store located in Lake Grove, NY. The Property is prominently situated on Route 347 at the entrance of Smith Haven Mall, the principal shopping destination in central and western Suffolk County. Premier neighboring retailers include Macy’s, Dick’s Sporting Goods, JC Penney, Trader Joe’s, Target, H&M, and many more. 1995 Nesconset Highway is the most recent addition to Infinity’s national portfolio of neighborhood retail properties.
About Infinity Real Estate, LLC
Infinity Real Estate is a New-York-based private real estate owner, investor, and operator focused on the acquisition, redevelopment, and re-positioning of commercial properties across select U.S. markets. Infinity Real Estate is the property acquisitions, development, and management unit, owned and operated by the Infinity Group. The Company’s owned portfolio comprises of approximately 50 commercial properties and development projects in 13 states. Through its affiliates and portfolio companies Infinity oversees in excess of 115 properties representing over 20 million square feet. The Company’s principals have led or have directly transacted in over $2.5 billion of real estate related investments, representing over 75 asset or project acquisitions or developments, as well as several private corporate deals. The Company has established a strict investment discipline centered on active management of all its projects. For more information about Infinity Real Estate, visit infinitygrpms.wpengine.com.