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NEW YORK CITY-Two net-leased retail properties, one on Manhattan’s East Side and one in Huntington Square, PA, have been acquired by real estate and investment firm the Benenson Capital Co.

The 38,307-sf Manhattan property, located at 117-127 E. 59th St., was sold by a partnership of ING Realty Partners Holdings LLC and Alchemy Properties Inc. The property is net-leased to William Sonoma Inc. and houses Williams Sonoma and Pottery Barn stores. Norm Livingston and Vin Carrega of Grubb & Ellis represented the seller in the $19.1 million transaction.

An 88,584-sf retail property at 2 Barnes Lake Road in North Huntington Square, PA has also been acquired by New York-based Benenson. The space is net-leased to a Kohl’s Department Store. It was purchased for $8.7 million from Pittsburgh-based retail developer J.J. Gumberg Co. Michael Strober represented the seller on behalf of LJ Melody. Financing was provided by Allstate Insurance and arranged by Jay Marshall on of Holliday Fenoglio Fowler LP. Benenson was self-represented in both deals.

Benenson’s 2001 net leases total more than $150 million. The privately held real estate investment firm’s holdings include more than 200 properties covering all real estate markets.

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