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Northwell Health acquires vacant Queens mall for $235.5 million

Health system buys 337,620-square-foot Rego Center I from Alexander's
Rego Center I, a three-story retail building at the intersection of Queens and Junction boulevards, sold to Northwell Health for $235.5 million. (CoStar)
Rego Center I, a three-story retail building at the intersection of Queens and Junction boulevards, sold to Northwell Health for $235.5 million. (CoStar)
By Justin Hubbard with
CoStar Research
June 15, 2026 | 4:28 P.M.

Northwell Health purchased Rego Center I, a three-story retail property at 9605 Queens Blvd. in Rego Park, Queens, from Alexander's and Interstate Properties for $235.5 million, or approximately $698 per square foot.

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