A shopping center in Maspeth is under new management after being sold for $56 million, according to city records filed Thursday.
The complex sits on two lots, 74-17 Grand Ave. and 53-01 74th St., which is the former home of Maspeth Bowl. It was bought by Shops at Grand Avenue, LLC and sold by CPT Grand Avenue.
The building, a one-story structure with more than 101,000 square feet of space, was built in 1996 and has a number of local stores and recognizable brands as tenants, including a Stop & Shop, Sleepy’s and Party City branch.
City records show CPT Grand Avenue bought the mall in 2009 for $33.5 million.