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Gazit-Globe unit acquires New York City, Boston assets for $63M

A unit of Tel Aviv, Israel-based Gazit-Globe Ltd. entered into a joint venture for the leasehold interest in the 300,000-square-foot Ceasar's Bay Bazaar on the Brooklyn, N.Y., waterfront and purchased two additional assets in Boston for an aggregate investment of more than $63 million.

The Brooklyn property, in which Gazit Horizons Inc. acquired a 41% economic interest and a 50% voting interest, is anchored by Kohl's, Best Buy and Modell's Sporting Goods.

The two assets in Boston are at 467 Washington St. and 43 Winter St.