Nuveen Real Estate Acquires Mixed-Use Property In Yonkers For $220M

The mixed-use property located at 1 Ridge Hill Blvd. in Yonkers has been sold for a price of $220,000,000. The property spans across 74 acres and has a total square footage of 1,200,000. The sale price per square foot is calculated at $183. The transaction took place on May 5, 2022.

Summary of Transaction Details:

• Property Type: Mixed-use
• Transaction Amount: $220,000,000
• Address: 1 Ridge Hill Blvd., Yonkers
• Market: Yonkers
• Acreage: 74

The buyer of the property is Nuveen Real Estate, in collaboration with Nadir Settles, Taconic Partners, and North American Properties. The seller is QIC US Management. The brokers involved in the transaction include Dave Monahan, Cameron Pittman, Chris Angelone, Jose Cruz, and Andrew Scandalios from JLL.