New York, New York, February 27, 2013 – Infinity Real Estate LLC, a wholly owned business unit of the Infinity Group, announced today the purchase of 1245 Fulton Street, an 11,385 square foot retail building in Brooklyn’s Fulton Street and Nostrand Avenue retail corridor. 1245 Fulton Street is the most recent addition to Infinity’s portfolio of prime urban retail properties.
Located in the heart of one of New York City’s strongest neighborhood shopping corridors, 1245 Fulton Street is currently fully occupied. However, Infinity plans to redevelop and re-tenant the Property in the short term. Similar to Infinity’s growing portfolio of urban properties, 1245 Fulton offers one or two national retailers an irreplaceable location to target New York City’s most populous borough. In addition, the redeveloped property will feature a brand new design, a new architectural metal and glass storefront, and state-of-the-art building systems.
The acquisition of 1245 Fulton demonstrates Infinity Real Estate’s desire to continue acquiring and reinventing unique, mixed-use properties in irreplaceable urban locations. Through the acquisition of highly visible and highly valuable urban retail sites, with large consumer appeal due to their location’s density, foot-traffic, and surrounding amenities, Infinity aims to continue serving its committed base of leading retailers as they expand their footprint in gateway urban markets throughout the United States.