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Madison Marquette Buys Williamsburg Retail Condo

We see the greatest relative value these days in the outer boroughs," Madison Marquette's investment director Ryan Colbert tells GlobeSt.com's Rayna Katz EXCLUSIVELY.

By Rayna Katz | Updated on January 16, 2014

NEW YORK CITY-Creating yet more interest in theWilliamsburg section of Brooklyn, Madison Marquette has acquired the 64,000-square-foot retail condominium at the Edge, a mixed-use development that is slated to include 550,000 residential condominium units.

The purchase price was $45.5 million and the seller was Douglaston Development, which created the project. HFF‘s Andrew Scandalios, senior managing director, Jeff Julien, managing director and Rob Rizzi, managing director represented Douglaston in the deal. The seller also had internal representation from Jonathan Fair, EVP.

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