NEW YORK CITY—Brack Capital Real Estate has closed on its $106million purchase of 627 Greenwich St. Criterion Real Estate Capitalsold the 106,400 square-foot, 12-story vacant building in the WestVillage after picking up the property this past April, reportsCrain's New York Business.
"It is extremely rare to find a vacant building of this size inthe West Village," says Issac Hera, CEO of Brack Capital RealEstate USA. "We are extraordinarily particular about the propertieswe invest in, considering not only their location, but also theirdevelopment potential. Fundamentally, this building has greatattributes, which lends itself to limitless opportunities."
Further, he tells GlobeSt.com, “While a majority of the WestVillage is located within a historic district, 627 Greenwich St. islocated just outside of it. BCRE intention is to use thisflexibility to introduce a superior product that will embrace andcapitalize on the unique character and charm of the westvillage.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
