aerial view of The Edge Retail Aerial view of The Edge Retail/Image provided by Gazit Horizons

NEW YORK CITY—Gazit-Globe through its subsidiary, Gazit Horizons, acquired The Edge Retail, a 60,000 square-foot retail condominium complex in Williamsburg, Brooklyn for $47.3 million or $790 per square foot. Madison Marquette had purchased The Edge Retail for $45.5 million in 2014. The asset is the retail component of the Edge Condominiums built by Jeffrey Levine’s Douglaston Development. The 900-unit luxury condos have a 500-car parking garage and 1.75 acres of open space and are close to a New York City ferry terminal.