The popular grocery chain, which operates nearly 500 stores nationwide across 43 states and Washington, D.C., recently purchased a 66-acre site in Islandia for a whopping $118.5 million, according to Long Island Business News.
Marking the eighth Trader Joe’s to set up shop across Long Island’s two counties, Islandia’s forthcoming location will join Commack and Lake Grove on the Suffolk front. Garden City, Hewlett, Merrick, Oceanside and Plainview represent the Trader Joe’s stores operating out of Nassau.
This latest expansion for the distribution hub empire–a 921,000-square-foot facility—will include obligatory cold and freezer storage buildings.
These will be 756,032 and 159,000 square feet, respectively, with the latter featuring an option to expand to 159,000 square feet, per a Suffolk County Planning Commission report.
Axonic Capital, Taconic Capital Advisors, Onyx Equities and Paul Amoruso of the Jericho-based Oxford and Simpson make up the Islandia site’s ownership group.