TIAA-CREF Purchases New York Retail Condo
January 9, 2012
By: Staff

TIAA-CREF, the financial services organization, has purchased the retail condominium at 2300 Broadway in a sales transaction brokered by international commercial real estate services firm Studley...

... According to market sources, the purchase price was more than $40 million...

“This purchase is consistent with the growing trend of institutional investors pursuing retail assets in New York City Woody Heller, executive managing director and head of Studley’s capital transaction group said in a statement...

... Heller, together with Will Silverman and Eric Negrin of Studley’s capital transactions group, represented the Bromley Companies in the sale.

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