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Blackstone Acquires Brooklyn Shopping Center For $130M

Property Image
SOLD
$130,000,000
Rob Rizzi
Andrew Scandalios
Jose Cruz

New York

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Other274,000 SF
Sold 12/11/2019
the dealplayerscompscontact
Property Image
SOLD

Blackstone Acquires Brooklyn Shopping Center For $130M

8925 Avenue D, Brooklyn, NY 11236, USA

See Similar Deals
Other274,000 SF
Sold 12/11/2019
Rob Rizzi
Andrew Scandalios
Jose Cruz
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$474
Total Square Footage:274,000 SF
Transaction Type:Sale

A shopping center located at 8925 Avenue D in Brooklyn has been sold for $130,000,000. The property spans across 274,000 square feet, resulting in a price per square foot of $474. The transaction took place on December 11, 2019, and the buyers were Blackstone, while the sellers were CIM Group. The shopping center is situated in the Brooklyn market.

Summary of transaction details:

  • Property Type: Shopping Center
  • Transaction Amount: $130,000,000
  • Address: 8925 Avenue D
  • Market: Brooklyn
  • Total Square Feet: 274,000
  • Price Per Square Foot: $474

Involved in the transaction were Shaul Kuba, Avi Shemesh, Katheleen Mccarthy, Jonathan Gray, and Ken Caplan. The sellers were represented by Andrew Scandalios, Rob Rizzi, and Jose Cruz from JLL. Please note that no additional information was provided regarding the deal.

Players

Andrew Scandalios
JLL
Andrew Scandalios
68 deals$12B volume(212) 632-1821
BROKER
Jose Cruz
JLL
Jose Cruz
102 deals$7.9B volume(201) 240-7546
BROKER
Rob Rizzi
Rob Rizzi
3 deals$245M volume(646) 483-4432
BROKER
Blackstone
Blackstone
BUYER
CIM Group
CIM Group
SELLER

Details

SOLD
IMAGE: Shaul Kuba, Avi Shemesh, Katheleen Mccarthy, Jonathan Gray & Ken Caplan DATE: 12/11/2019 ADDRESS: 8925 Avenue D MARKET: Brooklyn ASSET TYPE: Shopping Center BUYER: @Blackstone SELLER: @CIMGroup SELLER’S REP: Andrew Scandalios, Rob Rizzi & Jose Cruz @JLL PRICE: $130,000,000 SF: 274,000 PPSF: $474

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