July 27, 2020
Gorjian Acquisitions completed the sale of the 489 Atlantic Ave. retail condominium in downtown Brooklyn as part of a disposition of the firm’s portfolio of eight retail and mixed-use properties.
The assets total more than 500,000 square feet and included properties located in the Midwest, Southeast and Northeast. The transaction was valued in excess of $25 million.
Along with the Brooklyn property, the sold portfolio included the following assets: the Saint Clairsville Plaza shopping center in Saint Clairsville, OH; the Bradley Square mixed-use office and medical services property in Milwaukee; the Cabool Center neighborhood retail center in Cabool, MO; a single-tenant Dunkin Donuts building in Gary, IN; the Lafayette Center shopping mall in Indianapolis; a single-tenant Family Dollar property in Danville, VA; and the Oglethorpe Plaza shopping center in Albany, GA.
Following the disposition, Gorjian is “actively pursuing new acquisition opportunities around the country,” said CEO Joel J. Gorjian.
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