Search
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Jamestown enters the Bronx market, purchasing 260 East 161st St. NEW YORK—The investment and management firm, Jamestown L.P., owner of Chelsea Market in Manhattan and Industry City in Brooklyn, purchased a 276,622 square foot building in the Bronx, for approximately $115 million.
Located at 260 East 161st St., the 10-story structure originally constructed in 1930 offers 245,470 square feet of office space and 20,572 square feet of retail space. According to Real Capital Analytics, the seller Acadia Realty Trust purchased the building in August 2005 for $49 million.
Renovated in 2016, the building includes office tenants, the City of New York, the Legal Aid Society, and Montefiore Medical Center, and retail tenants, Walgreens, Starbucks and Chipotle Mexican Grill. It is located in the heavily trafficked East 161st office and retail corridor in Concourse Village. The property is also close to city government buildings, borough courthouses and Yankee Stadium.
Holliday Fenoglio Fowler represented the seller and procured the buyer. HFF is also working on behalf of Jamestown to arrange financing for the asset.
*May exclude premium content
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations
Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
