Food Bazaar Acquires 8.6-Acre Assemblage In Brooklyn For $40M | 2770 Linden Boulevard | Acore Capital | Commercial | Sale

Summary

Sale

NEW YORK

Commercial

70,000 sqft

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.

Players

All
1

Lenders
1

Acore Capital

Details

Deal Summary

SOLD

IMAGE: Edward Atoule & Shari Redstone DATE: 07/17/2023 ADDRESS: 2770 Linden Blvd MARKET: Brooklyn ASSET TYPE: Commercial ~ ACRES: 8.6 BUYER: Food Bazaar - Edward Atoule SELLER: National Amusements - Shari Redstone BROKER: Atlantic Retail (@Atlantic_Retail) LENDER: Acore Capital SALE PRICE: $40,000,000 SF: 70,000 ~ PPSF: $571 NOTE: Food Bazaar Supermarkets, a Brooklyn-based chain, has purchased an 8.6-acre assemblage in East New York for $40 million. The acquisition includes four sites on Linden Ave and Loring Ave, including a 70,000-square-foot movie theater at 2770 Linden Blvd.

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Address2770 Linden Boulevard

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