United States:
Gazit-Globe Acquires Leasehold Interest In Brooklyn Shopping Center For $43M
18 July 2018
Pryor Cashman LLP
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Gazit Horizons, Inc., a wholly-owned subsidiary of Tel
Aviv-based Gazit-Globe Ltd. (NYSE; TSX; TASE: GZT), has acquired a joint venture interest in the
Ceasar's Bay Shopping Center located in the Gravesend
neighborhood of Brooklyn. The joint venture, between Gazit and
affiliates of Surrey Equities, owns the leasehold interest in the
property, one of the most productive retail assets in the New York
area.
The 300,000-square-foot shopping center sits on over 14 acres of
waterfront land and has a tenant roster that includes Kohl's,
Best Buy, Modell's Sporting Goods, Five Guys, Starbucks, and
Vitamin Shoppe.
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