CBRE Appointed Exclusive Sales Agent For Mixed-Use Portfolio In The West Village And Williamsburg

2/4/20

CBRE today announced it as been retained as the exclusive sales agent for a portfolio of two renovated and fully leased mixed-use properties located in the West Village and Williamsburg, respectively. The two assets total nearly 14,000 sq. ft. of commercial and residential space in two of the the city’s hottest neighborhoods.

The CBRE team of Daniel Kaplan, Elli Klapper, Jay Gelbtuch and Justin Arzi will spearhead the marketing campaign on behalf of a private investment group.

The first property is located at 239 Bleecker Street and is comprised of 6,300 sq. ft. of commercial and residential space. The four-story property was built in 1929 and was fully gut-renovated in 2013. In addition to the West Village asset, the portfolio also includes 258 Wythe Avenue in Williamsburg, Brooklyn. The four-story, 7,000-sq.-ft. commercial property was built it 1910 and was completely renovated in 2012.

“Both properties have undergone extensive renovations and are well-positioned to capitalize on the growth trajectory of their submarkets,” said Mr. Kaplan. “The West Village and Williamsburg are two of the city’s most desirable locations and we believe that these assets offer potential investors a rare opportunity to gain a foothold in these incredible communities.”

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.