7th May 2015 08:57
LONDON (Alliance News) - Private equity fund JZ Capital Partners Ltd on Thursday said it has struck a deal to acquire 192 Bedford Avenue in the Willamsburg area of Brooklyn in New York.
JZ has acquired the property alongside real estate partner RedSky Capital LLC for a total of USD12.3 million, with USD7 million provided by JZ.
The property includes 6,000 square foot of multi-level retail space with only one short-term lease still in place, after which it will be marketed to a retailer looking to gain space in the area.
Shares in JZ were untraded on Thursday, having last traded at 430.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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