The brokerage firm states the property sold for $5.575 million, which calculates out to $179,839 per unit, which was the highest price per unit for a single property in Kenwood in the last 10 years, according to CoStar data.

The Marina Thermal Facility is a combined heat and power generation facility that provides electricity and hot and chilled water to both the Borgata Hotel Casino & Spa and The Water Club.

Until recently, the three-story building's top floor—totaling approximately 117,000 square feet—was occupied by AIG.

Pop-up shops, ecommerce and the resale trend are all contributing to a strong holiday shopping season.