REBusinessOnline

JFR Global Investments Acquires Two Office Buildings on Long Island for $91M

GARDEN CITY, N.Y. — Brooklyn-based real estate investment firm JFR Global Investments has acquired two office buildings in Garden City for a total of $91 million. Atria East, which is located at 900 Stewart Ave. sold for $50 million while Atria West, which is located at 990 Stewart Ave., sold for $41 million. JFR plans to spend $4.2 million on upgrades and repairs to the 252,730-square-foot Atria East and $3.5 million on repairs and upgrades to the 297,339-square-foot Atria West. The seller was Onyx Equities and its partner, The Davis Cos.

 

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