Henrietta, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $20 million sale of South Town Plaza in Henrietta, New York.
Paramus, N.J. — Deka Immobilien GmBH has acquired Paramus Junction, a fully leased, grocery-anchored shopping center located in the New York City suburb of Paramus, New Jersey.
New York City — Cushman & Wakefield has arranged the $7 million sale of an 8,730-square-foot retail building in the Jackson Heights neighborhood of Queens.
New York City — IKEA U.S. has announced that it will open its first store in Manhattan.
Southeast, N.Y. — Urstadt Biddle Properties Inc. has acquired Lakeview Plaza Shopping Center in the town of Southeast, New York, for $12 million.
Nanuet, N.Y. — Metropolitan Realty Associates (MRA) is set to acquire a 218,000-square-foot Macy’s department store located within The Shops at Nanuet in Nanuet, New York.
Teterboro, N.J. — Hanley Investment Group Real Estate Advisors has arranged the $37.5 million sale of a 159,542-square-foot building occupied by Walmart in Teterboro, New Jersey, eight miles outside Manhattan.
New York City — A partnership between L&L Holding Co., Normandy Real Estate Partners and an institutional investor advised by J.P. Morgan Asset Management has acquired Terminal Stores, a 1.2 million-square-foot complex in the West Chelsea neighborhood of Manhattan, for $880 million.
New York City — Cushman & Wakefield has arranged the $13.5 million sale of a three-story retail building in Midtown, Manhattan.
New York — Two former Eastern Consolidated principals have launched a commercial division at Compass in the firm’s New York metropolitan region.