Blackstone sells Flushing retail complex for $425M

Months after putting it on the market, Blackstone found a buyer at the desired price point for The Shops at Skyview in Queens. A joint venture between TPG and Acadia Realty Trust is purchasing the Flushing retail complex for roughly $425 million, Bloomberg reported. That’s the same price Blackstone reportedly sought when it first publicly marketed the property in July. A Newmark team of Adam Spies, Adam Doneger and Ben Lushing is representing Blackstone in the deal, which has not yet closed. None of the parties commented on the pending transaction. The shopping center at 40-24 College Point Boulevard is […] This article originally appeared on The Real Deal. Click here to read the full story.