News - 2004
Acadia Realty Trust Announces Purchase of 400 East Fordham Road in The Bronx, NY
December 19, 2004
"Acadia Realty Trust in conjunction with its investment partners, Aaron Malinsky and Paul Slayton of PA Associates, today announced it has purchased 400 East Fordham Road in The Bronx, NY. The property, a multi-level retail and commercial building, is locates at the intersection of East Fordham Road and Webster Avenue, near Fordham University. Fordham Road is the strongest retail area in the Bronx and is the third largest retail corridor in New York City, with over 650,000 people in a two-mile radius and retail sales in excess of $500 million. Sears is a major tenant of the property, retailing on four levels."