Forest City Sells Bronx Retail Center for $32M
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The Shops at Bruckner Boulevard in New York
New York—Forest City Realty Trust Inc. recently announced that is has sold the Shops at Bruckner Boulevard, also known as Bruckner Plaza, a 116,000-square-foot specialty retail center in the Bronx. Urban Edge Properties acquired the property for $32 million and the transaction is expected to generate net proceeds to Forest City of $9.2 million. Forest City owned the property in a 51/49 percent joint venture with Madison International Realty LLC.
Located at 1910 Story Ave., Shops at Bruckner Boulevard Shopping Center is close to Jamie Towers, Unionport and Castle Hill Houses, as well as to Police Officer Hilario Serrano Playground, Space-Time Playground and Soundview Health Center. The mall first opened in November 1996. Currently, Conway, Jimmy Jazz, Danice, Old Navy, Blockbuster and Marshalls are among the retail center’s tenants…
