The Northwind Group is the new owner of a sprawling mixed-used property in the heart of Port Jefferson Village.
Brick Harbor LLC, an affiliate of Hauppauge-based Northwind, purchased the three-building, 45,000-square-foot complex called Chandler Square for $8.2 million.
The property on .81 acres at 30 Chandler Square is located on the northwest corner of West Broadway and Main Street. It has 22 rental apartments, 12 boutique retail spaces and four restaurants, including Slurp Ramen, Sweet ‘n’ Savory, Port Jeff Brewing Company and a new restaurant slated to open this fall.
Northwind, owned by the Tsunis family, plans to make several upgrades and improvements to the property.
“This property fits perfectly into our portfolio of assets and compliments our Overbay luxury apartment community located just down the street,” said Northwind principal Jim Tsunis. “Chandler Square is the Park Place of Port Jefferson Village and we look forward to restoring it to its former glory.”
Financing for the acquisition was brokered by Great Neck-based GCP Capital Group and provided by Ridgewood Savings Bank.