Kenneth Bernstein Of Acadia Realty Trust Acquires Two Retail Properties In Boston For $113.5M

The transaction involved two retail properties located at 4-6 Newbury Street and 28 Newbury Street in Boston, MA. The sale price for these properties was $113,500,000. The assets are notable for housing luxury brands Chanel and Cartier, contributing to one of the largest deals in this retail corridor in recent years.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $113,500,000
• Buyer: Kenneth Bernstein - Acadia Realty Trust
• Seller: Raymond Gindi - ASG Equities
• Date of Transaction: 04/23/2026

Acadia Realty Trust, represented by Kenneth Bernstein, executed the acquisition from ASG Equities, with Raymond Gindi as the seller. This acquisition marks a significant development in the Boston retail market.