NEW YORK CITY-A family-owned portfolio of a dozen retail buildings anchored by Popular Community Bank based in Puerto Rico, have been put up for auction.
The Bawabah family have put the portfolio that totals approximately 250,000 square feet up for auction, which could reap the family as much as $150 million, according to Crain's New York Business.
The portfolio also includes 140,000 square feet of development rights according to Camille Renshaw, a broker with Stan Johnson Company, who is handling the sale with the firm's David Bailey and Scott Scurich.
The properties are located throughout the city, including four locations in Manhattan: on the lower East Side at 134 Delancy St.; 162-164 E. 116th St. and 231 W. 125th St. in Harlem; and in Washington Heights at 615 W. 181st St. See story in Crain's New York Business.
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