Taconic, Prusik Target NE Retail Properties

NEW YORK CITY-Taconic Investment Partners has entered a joint venture with the Prusik Group to acquire retail properties in the Tri-State area. The locally-based companies are targeting investments in the $50-million to $200-million range and have not yet identified any specific centers for purchase, a source close to the deal tells GlobeSt.com.

The firms are looking at buying urban and suburban assets within a 75-mile radius of Manhattan. Executives of both companies are also highly considering value-added centers and those located in brownfields.