Food Bazaar Acquires 8.6-Acre Assemblage In Brooklyn For $40M

Food Bazaar Supermarkets, a Brooklyn-based chain, has acquired an 8.6-acre assemblage in East New York for $40 million. The transaction includes four sites located on Linden Ave and Loring Ave, which incorporates a 70,000-square-foot movie theater at 2770 Linden Blvd.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $40,000,000
• Property Address: 2770 Linden Blvd
• Market: Brooklyn
• Asset Type: Commercial
• Acres: 8.6

The seller in this transaction was National Amusements, represented by Shari Redstone. On the other hand, Food Bazaar was represented by its own Edward Atoule. Acting as the broker in the deal was Atlantic Retail. The lender involved in this transaction was Acore Capital.