Commercial Observer Empire State Realty Trust Inc. has paid $46 million, or $2,149/sf, for the 21,400 square feet of commercial space at 127 Kent Ave. in the Williamsburg section of Brooklyn, N.Y. The New York REIT acquired the space from ...
Orlando Business Journal An affiliate of Nuveen Real Estate has bought the Crossings at Viera, a 190,000-square-foot shopping center in Rockledge, Fla., for $46 million, or $242.11/sf. The New York company purchased the property from SJC Ventures of Atlanta. Crossings ...
America's Realty LLC has sold the River Exchange Shopping Center, a 273,000-square-foot retail property in the Atlanta suburb of Lawrenceville, Ga., for $23.4 million, or $85.71/sf. The Baltimore company purchased it in early 2021 for $19.3 million. Sands Investment Group ...
The property was built in 1994 and is 88% occupied.
Melbourne Square, at 1700 West New Haven Ave., was built in 1982 and renovated in 2000.
The North Broadway property was built in 2016 and was fully leased as of December. Tenants include Club Studio, PNC Bank, Starbucks, and Fresh Dental, which have a weighted average lease term of 13.5 years.
Manhattan had only 173 retail storefronts available at the end of last year, down from 194 a year earlier. Demand has been healthiest for space in some tony areas.
Commercial Observer Hanover Capital has provided a $25.8 million loan against the 52,578-square-foot retail property at 10-04 Borden Ave. in the Long Island City section of Queens, N.Y. The loan, arranged by HKS Real Estate Advisors, allowed the property's owner, ...
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