Acadia Realty Trust | The Real Deal New York

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Acadia Realty Trust

330 Madison Avenue, Suite 3105
New York, NY 10017
(914) 288-3340
Website
mkruger@acadiarealty.com

Acadia Realty Trust is a real estate investment trust with holdings primarily in the Tri-State Area, Washington, D.C., and Miami Beach. Currently based in Westchester County and founded in 1993, operates roughly 85 properties with more than 8 million square feet, among them 12 self-storage locations. In recent years Acadia has focused on grocery stores and other retailers. In 2004 the firm acquired the Mervyns Department Store chain, and two years later it bought nearly 700 stores from leading grocery and drug chain company Albertsons. It also purchased a few hundred stores from retailer Skopko and Midwest supermarket chain Marsh. In terms of New York City property, Acadia has focused primarily on the Upper East Side of late, buying commercial buildings and retail townhouses in 2015. Acadia is also known as developing the mixed-use center in City Point, in Downtown Brooklyn. The project is estimated to total more than 1.8 million square feet and include food purveyors, leading retailers, and condos.


07/04/18
...-186 Spring Street, where they owed lenders, including Acadia Realty Trust, $26 million. The real estate investment firm Opal Holdings bought the site out of bankruptcy...

04/20/18
...ago the City Council had quashed a rezoning. Acadia Realty Trust sold the property at 4650 Broadway, according to property records. The company, in partnership with...

03/22/18
...At CityPoint in Downtown Brooklyn, for example, developer Acadia Realty Trust could have brought in a bank, but the company’s top brass signed a...

02/23/18
...Willoughby Street in 2015 from Washington Square Partners and Acadia Realty Trust. – Rich Bockmann...

12/27/17
...-186 Spring Street, where they owed lenders, including Acadia Realty Trust, $26 million. The real estate investment firm Opal Holdings bought the site out of bankruptcy...

12/19/17
...Christopher Peck and Peter Rotchford brokered the financing. Acadia Realty Trust sold the building, which spans 276,622 square feet and stands 10 stories tall. Acadia also recently...

12/04/17
...tenant roster of boutique fitness studios. The seller, Acadia Realty Trust, bought the 12,250-square-foot building at 201 East 67th Street, at the corner of Third Avenue...

...-186 Spring Street, where they owed lenders, including Acadia Realty Trust, $26 million. The real estate investment firm Opal Holdings bought the site out of bankruptcy...

10/18/17
...across 23 floors. BFC Partners developed the tower with Acadia Realty Trust and Washington Square Partners, and the company is keeping its stake in the project...

10/12/17
...for the site to Washington Square Partners and Acadia Realty Trust in 2015. The first phase of the mixed-use complex, a 23-story, 230,000-square-foot tower at 7 Dekalb...

08/25/17
...a palatable sublease deal emerges. Oliverio, now at Acadia Realty Trust, said rents have kept climbing because landlords need to make good on their investments...

08/10/17
...condo projects are in the pipeline, such as Acadia Realty Trust...

08/04/17
...tower in Downtown Brooklyn’s City Point megadevelopment. Acadia Realty Trust and Washington Square Partners are the sellers. BFC Partners, which developed the tower in...

07/19/17
...Acadia Realty Trust's Chris Conlon and 640 Broadway Acadia Realty Trust filed an offering plan last week for the condominium conversion of 640 Broadway, a turn-of-the-century...

06/06/17
...Island College Hospital development.  Washington Square Partners and Acadia Realty Trust wanted to build a 15-story property with 175 affordable apartments in Inwood, but the City...

...-square-foot retail condo at 1 South State Street to Acadia Realty Trust last summer. The seller of the building, which has Target as a tenant, was...

...Washington Square Partners, which developed City Point with Acadia Realty Trust. “It’s beginning to catch up with the changes that have been occurring in...

04/21/17
...Paul Travis, Chris Conlon and 7 Dekalb Avenue Acadia Realty Trust and Washington Square Partners are looking to sell their majority stake in affordable housing...

03/24/17
...a function of the structure of the whole Acadia Realty Trust deal. You mentioned “the typical Brooklyn building.” Could you elaborate? A lot of the...

...site in Inwood. Developers Washington Square Partners and Acadia Realty Trust had pledged to make roughly half of the 335 residential units planned for 4650 Broadway affordable...

01/05/17
...to a plan from Washington Square Partners and Acadia Realty Trust (and backed by the mayor) to rezone a corner at Broadway and Sherman Avenue...

01/03/17
...city council voted against Washington Square Partners and Acadia Realty Trust’s plans to build a 15-story property with 175 affordable apartments because of widespread community...

...another new development broke ground this October. Rye-based Acadia Realty Trust is building a $60 million project called Cortlandt Crossing Shopping Center, a 130,000-square-foot retail development...

12/02/16
...the same sentence more often than not,” said Acadia Realty Trust COO Chris Conlon, who added that one of the main draws – if not the...

11/30/16
...council subcommittee voted against Washington Square Partners and Acadia Realty Trust’s Sherman Plaza in Inwood. In September, Phipps Houses withdrew a rezoning application that...
  • Event Retail Leasing
  • Address 1037 Third Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,000
notes
The eatery, known for its cold pressed juices, signed a lease.
  • Event Office Leasing
  • Address 260 East 161st Street
  • Neighborhood Morrisania
  • Borough Bronx
  • Square feet 22,070
notes
The legal nonprofit signed a 15-year lease.
  • Event Office Leasing
  • Address 3848 Nostrand Avenue
  • Neighborhood Sheepshead Bay
  • Borough Brooklyn
  • Square feet 5,700
notes
The energy management company signed a 7-year lease.
  • Event Sales
  • Address 110 University Place
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 122,000
notes
The real estate company Acadia signed a net lease no price given.
  • Event Retail Leasing
  • Address 74-25 Grand Avenue
  • Neighborhood Elmhurst
  • Borough Queens
  • Square feet 5,747
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Shops at Grand Avenue
  • Party 1 Brokerage Acadia Realty Trust
  • Party 1 Broker Trent Dickey, Tim Collier, Alex Ripka
  • Party 2 Famous Brands
  • Party 2 Broker Ben Weiner, Chris Walther
notes
The clothing company signed a lease.
  • Event Retail Leasing
  • Address 17 East 71st Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,733
  • Event Sales
  • Address 200 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 11,000
  • Price $ 51,000,000
  • Price per foot $ 4,636.36
  • Event Sales
  • Address 27 East 61st Street 17 East 71st Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 47,300,000
  • Event Sales
  • Building Name 131-135 Prince Street
  • Address 135 Prince Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 3,000
  • Price $ 50,000,000
  • Price per foot $ 16,666.67
notes
The retail portion of the building sold for $50 million. 3,000 sf retail space
  • Event Sales
  • Address 131-135 Prince Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 50,000,000
  • Event Sales
  • Address 120 West Broadway
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 14,000
  • Price $ 37,000,000
  • Price per foot $ 2,642.86
  • Publication Date 03/01/2014
  • Event Date 01/20/2014
  • Party 1 120 West Broadway Associates
  • Party 2 Acadia Realty Trust
notes
The master lease for the property sold for $37 million.
  • Event Sales
  • Address New York portfolio
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 249,000,000
  • Publication Date 03/01/2013
  • Event Date 01/15/2013
  • Party 1 Acadia Realty Trust
  • Party 2 Storage Post
  • Event Sales
  • Address 210 Bowery
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 9,200
  • Price $ 7,500,000
  • Price per foot $ 815.22
notes
The property sold for $7.5 million, or $815 per square foot.
  • Event Sales
  • Address 8925 Avenue D and 856-860 Remsen Avenue
  • Neighborhood East Flatbush
  • Borough Brooklyn
  • Price $ 124,000,000
  • Publication Date 01/01/2013
  • Event Date 11/17/2012
  • Party 1 Acadia Realty Trust
  • Party 1 Brokerage HFF
  • Party 1 Broker Andrew Scandalios
  • Party 2 Cole Real Estate Investments
  • Party 2 Brokerage Represented in-house
  • Event Sales
  • Address 518 West 136th Street
  • Neighborhood West Harlem
  • Borough Manhattan
  • Price $ 6,390,000
notes
The properties were sold for about $6.39 million in accordance with a plan of reorganization through the U.S. Bankruptcy Court. The price represents a capitalization rate of 10 percent and a gross rent multiple of 4.56. The buildings are located at 304 West 147th Street, 518 West 136th Street and 133 West 145th Street in Harlem, and at 402-404 Riverdale Avenue in Yonkers in Westchester County.
  • Event Office Leasing
  • Address 400 East Fordham Road
  • Neighborhood Fordham
  • Borough Bronx
  • Square feet 3,331
  • Publication Date 05/01/2011
  • Event Date 03/17/2011
  • Party 1 Acadia Realty Trust
  • Party 1 Broker Ellen Benedek, Carl Silbergleit
  • Party 2 Westat
  • Party 2 Brokerage NAI Friedland Realty
  • Party 2 Broker Ellen Benedek, Carl Silbergleit
notes
The research firm signed a lease.
  • Event Retail Leasing
  • Address 400 East Fordham Road
  • Neighborhood Fordham
  • Borough Bronx
  • Square feet 10,000
  • Publication Date 07/01/2009
  • Event Date 05/17/2009
  • Party 1 Acadia Realty Trust
  • Party 1 Brokerage NAI Friedland
  • Party 1 Broker Robin Herko, Steve Lorenzo, David Scotto
  • Party 2 Walgreens
notes
The drugstore chain signed a lease.
  • Event Office Leasing
  • Address 400 East Fordham Road
  • Neighborhood Tremont
  • Borough Bronx
  • Square feet 50,000
  • Publication Date 03/01/2009
  • Event Date 01/15/2009
  • Party 1 Acadia Realty Trust, PA Associates
  • Party 1 Brokerage FirstService Williams
  • Party 1 Broker Alexander Jinishian, Greg Wang
  • Party 2 Jonas Bronck Academy
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker John Peters, Richard Kennedy
notes
The school signed a 20-year lease for three floors at Fordham Place, a mixed-use retail and office complex, to relocate its facilities. The reported asking rent was $39 per square foot. The school is moving from the Manhattan College campus in the Bronx.
  • Event Office Leasing
  • Address 400 East Fordham Road
  • Neighborhood Fordham
  • Borough Bronx
  • Square feet 8,250
  • Publication Date 03/01/2009
  • Event Date 01/15/2009
  • Party 1 Acadia Realty Trust, PA Associates
  • Party 1 Brokerage FirstService Williams
  • Party 1 Broker Alexander Jinishian, Greg Wang
  • Party 2 US Census Bureau
notes
The federal agency signed a lease for part of the eighth floor of Fordham Place, a mixed-use retail and office complex.
  • Event Sales
  • Address 1600 Sheepshead Bay Road 1501 Voorhies Avenue
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 20,350,000
  • Event Sales
  • Address Albee Square Mall
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 125,000,000
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12/30/15
...the City Point megaproject in Downtown Brooklyn with Acadia Realty Trust. “When you look at the list from last year, apparel would’ve been dominant...

...the biggest EB-5 contributions percentage-wise in NYC — for Acadia Realty Trust’s 1.8 million-square-foot City Point project, a mixed-use development in Downtown Brooklyn. • Related Companies raised...

...plan to build an office and retail tower. Acadia Realty Trust The publicly traded Acadia Realty Trust has been another active buyer in the city...
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