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Binswanger sells TJX building to Puerto Rico Uni

16
Jan '06

Representing the seller, Binswanger is pleased to announce the recent sale of a 26,819 sq ft retail building located at 5 and 6 Ponce de Leon Avenue in Rio Piedras, Puerto Rico.

The sale price was worth $1,300,000.

The University of Puerto Rico purchased the property in an effort to expand their existing campus.

The seller, New York Department Stores de Puerto Rico is a subsidiary of The TJX Companies Inc -- operators of seven retail chains including T.J. Maxx and Marshalls.

Both specialize in brand-name family apparel, accessories, shoes, domestics, giftware, and jewelry at discount prices.

This building was sold as the former retail operation was moved to a new location.

This high-density, commercially-zoned, two-story retail building with basement enjoys elevated visibility, as it sits on the corner of busy, downtown Sadana Street.

It is easily accessible via the newly constructed Urban Train Station and numerous other public transport.

Headquartered in Philadelphia, Pennsylvania, Binswanger is an international full-service real estate organization with offices throughout the USA, Canada, Mexico and South America, the UK and Europe, the Middle East, and Asia.

The TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the US and worldwide.

The Company operates 802 T J Maxx, 719 Marshalls, 252 HomeGoods and 154 A J Wright stores, as well as 35 Bob's Stores, in the United States.

TJX Companies

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