X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.