Blackstone Group pays $130M to CIM Group for Canarsie Plaza shopping center

Blackstone Group through the entity Breit Canarsie Owner LLC paid CIM Group’s Cole Mt Brooklyn NY, LLC, $130 million for Canarsie Plaza shopping center at 8717 Foster Avenue, 8923 Avenue D, 8929 Avenue D, 862 Remsen Avenue, 856 Remsen Avenue, and others in Canarsie. The deal closed on December 11, 2019, and was recorded on December 24, 2019. The transaction consists of 7 parcels which make up the shopping center.

JLL’s Andrew Scandalios, Rob Rizzi and Jose Cruz brokered the deal. The last time the property sold was December 5, 2012, when Cole Capital bought it for $124,000,000. CIM Group bought Cole in 2018.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link