Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

The Edge Retail comprises four buildings, extending for two blocks along Kent Avenue, between North 4th and North 6th streets. Anchored by a CVS Pharmacy and Brooklyn Harvest market, the retail space is 81% leased.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.