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NAI Friedland Realty brokered the sale of a $16.5 million, 9.5 acre site located at 825 Bronx River Avenue in the South Bronx. The former location of the Loral Electronics Corporation and Lockheed-Martin Corporation, the site was one of the largest available industrial sites in the Bronx.

NAI Friedland Realty sold the Sears Department store building on East Fordham Road in the Bronx to a partnership comprised of Acadia Realty Trust and P/A Associates.

The property, a multi-level retail and commercial building, is located at the intersection of East Fordham Road and Webster Avenue, near Fordham University. Fordham Road is the strongest retail area in The Bronx and is the third largest retail corridor in New York City, with over 650,000 people in a two-mile radius and retail sales in excess of $500 million. The property has been redeveloped into multi-level retail and is anchored by Best Buy and Walgreens.

Bronx Industrial, Retail, Office Real Estate

NAI Friedland Realty, Inc. had the guts and vision to enter the turbulent 1970s Bronx commercial real estate market and continues to remain a force in reshaping the borough today. The firm has taken part in some of the Bronx's most significant commercial real estate deals to date: the sale of the former 10 acre Loral property for $16.5 million, the sales of the Sears and Wagner buildings both on Fordham Road at $30,000,000 and $36,000,000 respectively. The firm, having represented many national and local tenants, was also responsible for numerous new locations for Walgreens and Commerce/TD Bank.

Industrial Real Estate NAI Friedland understands the effect that changing economic times have on the availability of warehouse space in the industrial real estate market. As the economic environment causes market fluctuation for landlords and tenants, and markets for sellers and buyers, our brokers succeed in negotiating and closing deals that meet the needs of all parties involved. NAI Friedland has been a leader in the Bronx industrial market and is responsible for hundreds of transaction in Hunts Point and the South Bronx. Our 40 year history has created many close relationships with Bronx landlords, allowing us to have the inside track on significant information. The firm has represented numerous Storage Companies in the Bronx with a dozen industry-related transactions.

View our Industrial Commercial Real Estate Listings in the Bronx.

Retail Real Estate NAI Friedland continues to be a market leader in the ongoing development and redevelopment of the Bronx. Big box stores, national chains, and smaller tenants have discovered the borough's attractive demographic and are eager to join the growing retail market. Our brokers have listings on all major arteries and streets, including Fordham Road, The Hub, Southern Boulevard, and the area surrounding the new Yankee Stadium. The firm also maintains significant political ties that allow us to understand the vision and direction of the ever changing Bronx market.

View our Retail Commercial Real Estate Listings in the Bronx.

Office Real Estate The Bronx office environment is highly attractive to government, service, medical, education, and non-profit agencies and organizations, many of whose client base resides in the borough. NAI Friedland has been involved in numerous major office space transactions and continues to actively represent both owners and buyers/tenants participating in the vibrant Bronx market. The firm was responsible for the leasing of 133,000 sq. ft for Mercy College at the Hutchinson Metro Center. We have represented companies such as Cablevision as well as numerous non-profit and state agencies that make up a large part of the Bronx office market.

View our Office Commercial Real Estate Listings in the Bronx.

 

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