ShopRite-anchored retail center in downtown White Plains trades for $50M
United States, Sept. 10 -- JLL Capital Markets announced that it has secured the $50 million sale of City Center, a 361,948-square-foot retail property located in the heart of White Plains, New York. JLL also arranged acquisition financing in the amount of $39.2 million from a regional bank on behalf of the buyer.JLL worked on behalf of the seller, Kite Realty Group Trust. The buyer was PropUp Group.City Center is strategically positioned at 5 Mamaroneck Ave. in downtown White Plains, at the crossroads of several major avenues and just one mile from Interstate 287. The property sits within walking distance of the White Plains Metro-North Railroad station, which provides a 38-minute commute to Grand Central Terminal in New York City. This pr...
To read the full article or to get the complete feed from this publication, please
Contact Us.