Empire State Realty Trust is expanding its presence in New York City by acquiring two properties for just under $200 million.
Both purchases were made on retail buildings in Williamsburg Brooklyn, the CRE firm announced in its second-quarter financial report.
The largest deal was located on North 6th Street and cost $103 million. It features 40,000 square feet of five storefronts, which is 86 percent leased. The median lease term is 7.5 years, according to the company.
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