BIG Buys Long Island Mall for $43.5M

Big Shopping Centers (2004) Ltd. (TASE:BIG), controlled by the Naftali brothers, today notified the TASE that it has completed the purchase of 49.9% of a shopping center in Long Island, New York for $43.5 million together with US REIT fund Kimco..

Big and Kimco will each pay $5 million while noth partners will take a $34 million loan.

2011-05-19 BIG Buys Long Island Mall for $43.5M