Toronto-based Hennick & Co. has acquired the Bridge Tower Place Retail located at 401 East 60th St. for $153 million. Positioned at the base of the Queensboro Bridge, the 120,000-square foot property is fully leased to Home Depot and Starbucks. The new owner claims it is one of the largest retail spaces in Manhattan.
The Hennick Family is the founding and largest shareholder of two public companies, Colliers International Group Inc. and FirstService Corporation. "As a private family investment firm with patient capital, we can act quickly and execute on opportunities when others cannot," managing director Jory Hennick said in prepared remarks.
Other properties the company has acquired include 1430 Massachusetts Avenue in Boston's landmark Harvard Square and the Hazelton Hotel in Toronto.
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