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Acadia Realty sells Bronx, NY, mixed-use building for $115M

Acadia Realty Trust sold the class A office and retail building at 260 E. 161st St. in New York City's Bronx borough to real estate investment and management company Jamestown for $106 million.

The 10-story building spans 276,622 square feet of office and retail space. It is leased to tenants such as The City of New York; The Legal Aid Society; Montefiore Medical Center; and retail tenants Walgreens, Starbucks and Chipotle Mexican Grill.

Holliday Fenoglio Fowler LP represented the seller and procured the buyer in the transaction.