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Gazit-Globe unit buys retail asset in New York

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The Edge Retail, Brooklyn, N.Y.
Source: Gazit-Globe Ltd.

Gazit-Globe Ltd., through its unit Gazit Horizons Inc., acquired a 60,000 square-foot retail condominium complex in New York for $47.3 million.

The acquired asset is the retail component of The Edge mixed use complex in the Williamsburg area of Brooklyn. The four-building complex sits on two city blocks on Kent Avenue and comprises over 900 residential units, a 500-space parking garage, 1.75 acres of open space and a New York City ferry terminal.