NAI FRIEDLAND COMPLETES $4.5 MILLION FLEX SALE

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NEW YORK CITY — NAI Friedland Realty has completed the sale of the former Our Lady of Mercy Medical Center located at 4217 Vireo Ave. in the Bronx, New York City, for $4.5 million. The 34,500-square-foot building contains a two-story office component and a single-story warehouse component. The buyer, Christ Alive Christian Center, plans to initially occupy 20,000 square feet of the building and will lease out the remaining space. Rick Stassa of NAI represented Christ Alive as well as the seller, Glastonbury Capital Partners, which is the secured creditor of Our Lady of Mercy, which is currently in bankruptcy.

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