QIC Acquires Majority Stake in 1.3 Million-Square-Foot Shopping Center in New York

by Katie Sloan

Yonkers, N.Y. — QIC has extended its existing joint venture relationship with Forest City Realty Trust through the acquisition of a 51 percent stake in Westchester’s Ridge Hill shopping center in Yonkers.

The 1.3 million-square-foot, open-air shopping center is anchored by Lord & Taylor, Whole Foods Market, Legoland Discovery Center, The Cheesecake Factory, Dick’s Sporting Goods, REI and Showcase Cinema alongside approximately 70 specialty stores. This agreement with Forest City brings the total number of assets acquired by QIC on behalf of clients to 11. 

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