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Empire State Realty Bets on Brooklyn Retail With $195 Million Buy-In

CEO Compares Williamsburg Neighborhood to Manhattan’s SoHo, Meatpacking Markets
Empire State Realty is buying retail properties, including 81-83 N. Sixth St.,in the Williamsburg neighborhood of Brooklyn, for a total of $195 million. (CoStar)
Empire State Realty is buying retail properties, including 81-83 N. Sixth St.,in the Williamsburg neighborhood of Brooklyn, for a total of $195 million. (CoStar)
CoStar News
July 26, 2024 | 7:21 P.M.

Empire State Realty Trust, parent of its world famous namesake building in Manhattan, said it’s betting on a “10-year run of growth” in Brooklyn’s Williamsburg neighborhood by shelling out $195 million to buy prime retail properties there.

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News | Empire State Realty Bets on Brooklyn Retail With $195 Million Buy-In