|
|
Article: Metropolitan scores a bargain with $25m 'Jericho Jewel'.
- Article from:
- Real Estate Weekly
- Article date:
- August 8, 2007
CopyrightCOPYRIGHT 2007 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Metropolitan Realty Associates LLC, along with equity partners Angelo Gordon & Co. and Belvedere Capital, has purchased The Jericho Atrium, in Jericho, NY, and two other properties in Mineola from Kimco Realty Corp. The acquisition will rank Metropolitan among the largest landlords on Long Island.
Industry sources Industry sources put the purchase price of the Jericho Atrium at less than $25 million, or $169 psf. Average asking rents in Jericho are $33 per square foot and up. Rents in the Jericho Atrium, according to industry sources, now average about $27 per square foot.
Kimco acquired the properties as part of its purchase of the Birchwood ...
Related newspaper, magazine, and journal articles:
|
|
Article: T. Weiss Realty Corp. recently signed leases and lease renewals ...
Real Estate Weekly;
March 12, 2008 ;
700+ words
... ... lease for 4,066 s/f at 1160 E. Jericho Tpke. * JV Kelley Group Inc., an expense ... f and renewed its lease at 1160 E. Jericho Tpke. * Coach Real Estate Associates Inc ... f for its branch office at 1160 E. Jericho Tpke. * Land Baran Abstract Co. leased ...
|
|