New York City — Newmark has arranged the $425 million sale of The Shops at Skyview, a 555,000-square-foot grocery-anchored retail center located in the Flushing neighborhood of Queens in New York City. Jordan Roeschlaub, Nick Scribani, John Caraviello and Tim Polglase of Newmark secured a $289 million acquisition loan through Mizuho on behalf of the buyers, a joint venture between Acadia Realty Trust and TPG Real Estate. Adam Spies, Adam Doneger, Conor Lalor and Ben Lushing, also of Newmark, represented the seller, Perform Properties, in the transaction.
Anchored by BJ’s Wholesale Club and Sky Foods, The Shops at Skyview was 97 percent leased at the time of sale. Additional tenants at the property include Target, Nordstrom Rack, Bath & Body Works, Burlington, Adidas, Converse, Marshalls, Foot Locker, Old Navy, Sephora and Swarovski.