NEW YORK CITY—Brack Capital Real Estate has closed on its $106 million purchase of 627 Greenwich St. Criterion Real Estate Capital sold the 106,400 square-foot, 12-story vacant building in the West Village after picking up the property this past April, reports Crain’s New York Business.

“It is extremely rare to find a vacant building of this size in the West Village,” says Issac Hera, CEO of Brack Capital Real Estate USA. “We are extraordinarily particular about the properties we invest in, considering not only their location, but also their development potential. Fundamentally, this building has great attributes, which lends itself to limitless opportunities.”

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