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Vanbarton Picks Up Big Bronx Mall

NEW YORK CITY—The 159,037-square-foot transit-oriented complex features a grocery anchor and is adjacent to the Riverdale area.

By Rayna Katz | Updated on October 08, 2015

NEW YORK CITY—Vanbarton Group has acquired Riverdale Crossing—a shopping center anchored by a soon-to-open BJ’s Wholesale Club in the Bronx—for approximately $133 million. The shopping center was developed and sold by Metropolitan Realty Associates in a joint venture with longtime equity partner Angelo Gordon & Co. and is 98% leased to national retail tenants.

The buyer’s transactional counsel was Hunton & Williams while the seller was represented by Eastdil Secured‘s Adam Spies, Shannon Ching, Adam Doneger, Doug Harmon, Brett Siegel and Jeff Organisciak. Acquisition financing was provided by Northwestern Mutual through its $195 billion general account investment portfolio.

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