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Brokerage
Posted: March 23, 2015
Kadosh and Trock of CBRE complete $51 million sale
CBRE Group, Inc. represented Acadia Realty Trust and O'Connor Capital Partners in Acadia's $51 million purchase, through its fund platform, of a mixed-use retail, office and parking property on Third Ave. on the Upper East Side. The CBRE retail team of Michael Kadosh, first VP, and Gary Trock, senior VP, completed the transaction for both parties.
"Having been involved in the leasing of this property, we had a great understanding of the market and were able to create an off-market transaction for both parties," said Trock.
Constructed in 1967, the Wellington House is listed at three addresses: 200-206 East 62nd St.; 203 East 61st St., and 1033-1049 Third Ave.
The commercial space occupies the ground and second floor and the garage.
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