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New York City — Vanbarton Group has acquired Riverdale Crossing, a shopping center located in the Bronx, for $133 million.
The 159,037-square-foot center is anchored by the soon-to-be BJ’s Wholesale Club and 98 percent leased to nationally recognized retail tenants.
Angelo Gordon & Co., in a joint venture with Metropolitan Realty Associates, developed and sold the property. Northwestern Mutual provided acquisition financing. Eastdil Secured represented the seller, while Hunton & Williams LLP served as legal counsel for Vanbarton.