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Brooklyn Retail Condo Sells as Part of Multi-State Disposition
Gorjian Acquisitions completed the sale of the 489 Atlantic Ave. retail condominium in downtown Brooklyn as part of a disposition of the firm’s portfolio of eight retail and mixed-use properties.
The assets total more than 500,000 square feet and included properties located in the Midwest, Southeast and Northeast. The transaction was valued in excess of $25 million.
Along with the Brooklyn property, the sold portfolio included the following assets: the Saint Clairsville Plaza shopping center in Saint Clairsville, OH; the Bradley Square mixed-use office and medical services property in Milwaukee; the Cabool Center neighborhood retail center in Cabool, MO; a single-tenant Dunkin Donuts building in Gary, IN; the Lafayette Center shopping mall in Indianapolis; a single-tenant Family Dollar property in Danville, VA; and the Oglethorpe Plaza shopping center in Albany, GA.
Following the disposition, Gorjian is “actively pursuing new acquisition opportunities around the country,” said CEO Joel J. Gorjian.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
