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Hennick & Company Acquires Generational Real Estate in Manhattan lelezard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lelezard.com Daily Mail and Mail on Sunday newspapers.
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Hennick & Company Completes Joint Venture with Gazit Globe on Iconic Harvard Square Building Hennick & CompanyFebruary 3, 2021 GMT TORONTO, Feb. 03, 2021 (GLOBE NEWSWIRE) Hennick & Company (“HennickCo”), a private firm that invests in high quality real estate and operating businesses for the long-term, announced today that it has entered into a new joint venture with Gazit Horizons, Inc., a wholly-owned subsidiary of Gazit-Globe (TASE:GZT) (collectively, “Gazit”), for the ownership of 1430 Massachusetts Avenue, a 50,000 square foot mixed use building located in the heart of Harvard Square, Cambridge, Massachusetts. The building was previously purchased by Gazit for US$45,000,000 in an off-market transaction from University Common Real Estate, who had owned the property for over fifty years. HennickCo and Gazit will now own 1430 Mass Avenue together as partners. ....