
Developers Acquire Leasehold on George Washington Bridge Bus Terminal Retail
Aurora Capital Associates and Bridges Development Group have acquired the retail leasehold interest in the GWB Market, the retail portion of the George Washington Bridge Bus Terminal, for a reported $46 million. RIPCO Real Estate’s Jason Pennington and Jessica Hedrington have been tapped to lease up the remaining space.
Situated at the entrance to the George Washington Bridge in Washington Heights, GWB Market spans approximately 103,000 square feet and is anchored by Marshalls, Blink Fitness, Fine Fare Supermarket, Gap and Charter Communications. It’s currently 82% leased.
Aurora, Bridges and RIPCO hope to fill the remaining spaces with a variety of local, regional and national retailers and restaurants.
“Given the strength of the existing tenants and the tremendous volume of people coming in and out of the Terminal every day, we believe this is an irreplaceable asset and a perfect fit for our portfolio,“ said Bridges principal Michael Berfield.
- ◦Lease
- ◦Sale/Acquisition