Acadia Realty Trust And TPG Acquire Retail Space At 40-24 College Point Boulevard For $424.4M

The asset involved in this transaction is a retail property located at 40-24 College Point Boulevard, known as the Shops at Skyview. The sale price was $424,400,000, with a total square footage of 555,376 and a price per square foot of $764. This property is situated in the Flushing market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $424,400,000
• Address: 40-24 College Point Boulevard
• Market: Flushing
• Square Footage: 555,376
• Price per Square Foot: $764
• Buyer: Acadia Realty Trust & TPG
• Seller: Perform Properties
• Brokers: Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Marcella Fasulo, Avery Silverstein, Benjamin Lushing & Conor Lalor - Newmark

The transaction involved key players, including buyers Acadia Realty Trust and TPG, and the seller, Perform Properties. The brokerage team from Newmark consisted of Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Marcella Fasulo, Avery Silverstein, Benjamin Lushing, and Conor Lalor, who facilitated this substantial deal.