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Gazit-Globe unit buys retail condominium for $73M

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Gazit-Globe unit buys retail condominium for $73M

Gazit Horizons Inc., a subsidiary of Tel Aviv-based Gazit-Globe Ltd., made its second U.S. acquisition with the purchase of a 92,000-square-foot retail condominium for roughly $73.3 million

The three-level property is at 401 E. 60th St., Manhattan, N.Y., with Starbucks Coffee and Bed Bath & Beyond as its two tenants.

The Brodsky Organization developed the property along with an adjacent garage and residential units in 1999.

The transaction, which gives the company its first asset in New York, was reported earlier by The Real Deal.