Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Ceasar's Bay for sale thru CBRE.


CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  has been exclusively retained by Saltru Associates to sell the leasehold interest in Ceasar's Bay Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , a 294,075 s/f, 100% occupied, big-box shopping center located at 8973 Bay Parkway Bay Parkway refers to the following roads and transit stations: Roads
  • Bay Parkway (Brooklyn) in Brooklyn, New York City
  • Bay Parkway (Jones Beach) in Jones Beach State Park in Nassau County, New York
Subway stations
, in Brooklyn.

The shopping center sits directly on Gravesend Bay at Exit 5 on the Belt Parkway midway between the Verrazano Narrows Bridge and Coney Island and contains 1,194 parking spaces.

"Ceasar's Bay is a one-of-a-kind shopping center," said Ned Midgley, senior vice president, CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
, who is marketing the property with the team of Tim Sheehan, Dan Kaplan with assistance from Bill Shanahan and Jeff Babikian.

"The prominence and visibility of this location, combined with easy highway access from Brooklyn, Long Island and Jersey, and a roster of leading national retailers, makes Caesar's Bay Shopping Center among the nation's finest."

The property sits next to New York Harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey". , has its own exit from the Belt Parkway, one of Brooklyn's major traffic arteries and is adjacent to the incredible residential density of Brooklyn.

The Belt Parkway is the main connection from Brooklyn and Long Island to the Verrazano Narrows Bridge, Staten Island and New Jersey.
COPYRIGHT 2008 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:NEW JERSEY
Comment:Ceasar's Bay for sale thru CBRE.(NEW JERSEY)
Publication:Real Estate Weekly
Date:Dec 3, 2008
Words:190
Previous Article:Investment firm leases new HQ space at W&M flagship.
Next Article:Healthcare firm docks in Stamford.
Topics:

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles