"We've been interested in this property for a year and a half," Bill Brodsky, a principal of Tribeca along with Elliott Ingerman and Ken Pliska, tells GlobeSt.com.

To date, the locally based commercial real estate ownership, asset management and investment company, has purchased and sold more than $200 million worth of commercial real estate outside the city. Tribeca is now pursuing a growth-oriented strategy here and plans to create added value across a broad and improved management.

"We've always kept our eyes on New York," Brodsky explains. "We'll continue to look for opportunities in neighborhoods that will show growth."

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