Discount supermarket acquires former Toys R Us on Long Island

by

Discount
supermarket chain Lidl has acquired a former Long Island Toys R Us store as it
continues its push to open 50 new stores by the end of this year.

Kenneth
Schuckman and Jessica Vilmenay of Schuckman Realty represented Lidl Market in
the purchase of 1147 Old Country Road Riverhead, NY. Situated on 3.78 acres,
the site was a 35,167 s/f Toys R Us before the toy chain went bankrupt in 2018.

Originally
built as a Gamaldi’s meat market in the early 1990s, the property was sold by
an affiliate of furniture giant Raymour & Flanigan, which had originally
planned its own store on the site.

Schuckman
Realty Inc represents Lidl in their expansion in Brooklyn, Queens, Nassau and
Suffolk; most recently completing deals to bring a ground up Lidl Market to
Deer Park and a portion of a former Waldbaums in Garden City Park as well as
Riverhead.

 A number of additional deals are in
negotiations throughout the territory, to be announced soon.

Lidl currently operates over 11,200 stores in 32 countries, employing more than 310,000 people globally. In June 2015, the retailer established U.S. headquarters in Arlington, Virginia. Today Lidl has more than 100 stores in nine states across the East Coast.

The company has
announced plans to open 50 new stores by the end of 2021. In New York, Lidl opened
its first store Staten Island Mall. It has also acquired the former Best Market
space at 19-30 37th Street in Astoria, which it expects to open later this year.

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