CROWN ACQUISITIONS PURCHASES $6 MILLION RETAIL PROPERTY

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NEW YORK CITY — Crown Acquisitions has acquired 1553 Westchester Avenue, a newly constructed, 10,000-square-foot retail property located in the Bronx, New York City, in a $6 million transaction. AT&T has already signed a lease for 2,500 square feet at the property, and will anchor the Ward Avenue corner of the property. The lease transaction was negotiated by Winick Realty. Crown Acquisitions will direct the leasing of the remaining 7,500 square feet. The seller was not disclosed.

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