Savills Granite, a locally based investment banking firm, whorepresented the buyer, would not comment on the identity of theinvestment group. However, Kenneth Zakin, senior managing directorof NKF, who headed the sales team, and worked in cooperation withCitigroup Global Markets, Citigroup's investment banking division,confirms to GlobeSt.com that the buyer is Dublin-based MarklandHoldings Ltd., a company backed by Irish developers Paddy Kelly andSean Mulryan.
[IMGCAP(2)]Of the 47 properties, which range in size from 2,000sf to 8,000 sf, 20 are in Nassau, eight are in Suffolk, three arein Queens, four are in Brooklyn, three are in the Bronx, three arein Statin Island, five are in Westchester and one is in UpperManhattan. Markland Holdings has agreed to lease the propertiesback to Citibank N.A. on a 15-year lease.
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