Bronx cornerstone is sold for $36M.NAI See Network Associates. Friedland Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. , Inc. has brokered the $36 million sale of a cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to property in the Fordham Road Fordham Road is a major street in The Bronx borough of New York City. It runs east-west from the Harlem River to Bronx Park. At its western extreme, it goes through the University Heights neighborhood. shopping area of the Bronx. The four-story, 100,000 s/f property, at 2480-88 Grand Concourse, is on the southeast corner of that avenue and Fordham Road, the borough's premier shopping location. A joint venture of Jem Realty Management and Comjem Realty Management purchased the property from 2480 Grand Concourse Realty for $36 million, one of the highest per square foot prices in the Bronx for a building of this size. The building is anchored by Seaman's Furniture and has 10 other stores and three floors of office space. Miles Mahony of NAI Friedland Realty represented both buyer and seller. "This is a significant transaction in an important location," said Stephen Oder, president of NAI Friedland Realty. "The new owners plan to enhance the retail presence of the property and create a prime retail center. The price of $360 per square foot demonstrates the vigor VIGOR Internal medicine A clinical study–Vioxx GI Outcomes Report comparing a proprietary COX-2 inhibitor to standard NSAIDs of the Fordham Road area and of the Bronx." |
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