06.25.2014 The Mann Report | Sabre Real Estate Group Arranges Multiple Deals In Brooklyn
By The Mann Report
Sabre Real Estate Group's investment sales team announced multiple transactions in the second quarter of 2014 -- including the recent $17.1 million sale of a 30,000-square-foot retail property opposite Kings Plaza Mall in Brooklyn, NY, and four single- tenant net leased properties totaling $6.9 million.
Acadia Realty Trust in White Plains, NY, purchased a 1.38-acre, two-parcel site at 2520 Flatbush Ave. from Capital One Bank. The property is leased to two retail tenants, Capital One Bank and Bob's Discount Furniture. The deal included a sale-leaseback with Capital. Sabre Real Estate Group principals Corey Gluckstal and Guy Canzoneri represented the purchaser, Acadia Realty Trust.
In separate transactions, associate Jon Winzelberg and principals Corey Gluckstal and Guy Canzoneri represented both the seller and purchaser on four properties totaling $6.9 million in Brooklyn. Three properties -- at 1556 Myrtle Avenue, 666 Bushwick Avenue and 1040 Bedford Avenue -- are leased to KFC, while the fourth property, at 1994 Atlantic Avenue, is leased to Popeye's. The properties are located in the Bushwick, Clinton Hill, and Bedford-Stuyvesant neighborhoods.