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AvalonBay Acquires Brooklyn Storefront/Residential

REIT Pays $6.3M for 12,000-SF Vacant Bldg.
By Jeff Miles
February 4, 2009 | 5:26 P.M.

AvalonBay Communities, a Virginia-based apartment REIT, acquired 88-90 Willoughby St. in downtown Brooklyn from United American Land Co. for $6.28 million, or $524 per square foot.

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News | AvalonBay Acquires Brooklyn Storefront/Residential