Jackson Group Acquires Crown Heights Retail Property For $13.9M

The retail property located at 250 Utica Avenue in Crown Heights has been sold in a closed transaction. The property spans a total of 59,021 square feet and was sold for a price of $13,900,000, resulting in a price per square foot of $236. The transaction took place on February 28, 2020. The buyer of the property is the Jackson Group, represented by Elliot Chehebar. The seller of the property is L+M Development Partners.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $13,900,000
• Square Footage: 59,021
• Price per Square Foot: $236
• Buyer: Jackson Group - Elliot Chehebar
• Seller: L+M Development Partners

Ron Moelis and Elliott Chehebar were involved in the transaction as depicted in the provided image.