Gazit-Globe Acquires Leasehold Interest in Brooklyn Shopping Center for $43M
Gazit Horizons, Inc., a wholly-owned subsidiary of Tel Aviv-based Gazit-Globe Ltd. (NYSE; TSX; TASE: GZT), has acquired a joint venture interest in the Ceasar’s Bay Shopping Center located in the Gravesend neighborhood of Brooklyn. The joint venture, between Gazit and affiliates of Surrey Equities, owns the leasehold interest in the property, one of the most productive retail assets in the New York area.
The 300,000-square-foot shopping center sits on over 14 acres of waterfront land and has a tenant roster that includes Kohl’s, Best Buy, Modell’s Sporting Goods, Five Guys, Starbucks, and Vitamin Shoppe.
Pryor Cashman partners Todd Soloway and Danielle Schechner and associates Ari Tran and Ari Buchen, all members of the firm's nationally-recognized Real Estate Group, represented Gazit Horizons, Inc. in the transaction.
