Urban Edge Properties announced that it has acquired Sunrise Mall in Massapequa, NY from Unibail-Rodamco-Westfield for $29.7 million plus up to $6 million of additional contingent consideration. The property encompasses 1.2 million square feet of retail space situated on 77 acres in Nassau County, Long Island. Sunrise Mall provides tremendous redevelopment opportunities given its unique scale and in-place zoning which provides for industrial and other uses. Its location benefits from excellent access to major roadways that connect the property to the eastern edge of New York City and the entirety of Long Island. The mall is currently 65% occupied with anchor tenants including Macy’s, Sears, and Dick’s Sporting Goods. The existing trade area encompasses a dense, affluent population of approximately 1.0 million people with an average household income of $125,000.