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July 28, 2022

A bit more about West Edge sale

Urban Visions sold its four-year-old West Edge apartment tower back in February for $293 million. The 39-story, 340-unit tower went to PGIM Real Estate, which didn't comment at the time. This month, however, the new owner said it recently closed a $295 million green financing fund, part of which had been deployed for the West Edge deal. PGIM's Christy Hill said in a statement, “The acquisition of West Edge also marks another step toward fulfilling our commitment to ESG, as we strive to do the right thing for our people, the environment, and the communities where we invest.” PGIM currently has some $209.3 billion in assets under management, and continues to be an active buyer and seller in our market. PGIM also says all 11,000 square feet of the retail at West Edge is now fully leased. Kuhl is the marquee tenant on the corner of Second Avenue and Pike Street.




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