Lease or own? For one New York City supermarket, the decision came down to a nine-figure sum.
Bogopa, the parent company of the Food Bazaar grocery chain, paid $101.1 million to buy the site of its store at 42-02 Northern Boulevard in Queens’ Long Island City neighborhood, Crain’s reported. The deal for the 75,000-square-foot space works out to $1,348 per square foot.
The seller was an affiliate of Gould Investors, a Great Neck-based company run by Mark Lundy. His firm appears to have owned the four-acre site since the late 1990s…