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NEW YORK CITY-In continuing its retail expansion in Manhattan and the outer-boroughs, American Realty Capital New York Recovery REIT is under contract to acquire two retail sites in Greenwich Village and Howard Beach, Queens, for $36.5 million. Michael Happel, chief investment officer and executive vice president for the company, tells GlobeSt.com that the REIT will acquire four retail condominiums at the base of One Jackson Square at 122 Greenwich Ave. from sellers RFR Realty and Hines and a Duane Reade Pharmacy at 163-30 Cross Bay Blvd. from Wharton Properties.

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