FSV - Hennick & Company Acquires Generational Real Estate in Manhattan | Benzinga
TORONTO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Hennick & Company, Inc. ("Hennick&Co"), a private investment firm founded by the Hennick Family, announced today that it has acquired the Bridge Tower Place Retail located at 401 East 60th Street, a significant real estate asset in Manhattan, New York for USD $153 million (the "Property").
The Hennick Family is the founding and largest shareholder of two public companies, Colliers International Group Inc. (NASAQ: CIGI) and FirstService Corporation (NASAQ: FSV). Hennick&Co invests in high quality, income producing real estate in irreplaceable locations with the aim of curating a collection of proud-to-own assets around the world.
Situated prominently in Manhattan's affluent Upper East Side and positioned at the base of the Queensboro Bridge, the Property is fully leased on a long-term basis to two investment ...