Square Mile Capital, Innovo Property Group Acquires Fmr Whitestone Multiplex Cinema In NYC Boroughs For $75M

The fmr Whitestone Multiplex Cinema in New York City's boroughs has been sold for $75,000,000. Situated at 2505 Bruckner Blvd, this retail property spans across 360,000 square feet, resulting in a price per square foot of $208.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $75,000,000
• SF: 360,000
• PPSF: $208
• Seller: Extell
• Buyer: Square Mile Capital, Innovo Property Group
• Broker: Cushman & Wakefield (@cushwake)

Square Mile Capital and Innovo Property Group have acquired the fmr Whitestone Multiplex Cinema from Extell, a prominent real estate developer. The deal was facilitated by Cushman & Wakefield, who represented the buyers in the transaction.