June 8, 2012

Polo Grounds Mall Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of the Polo Grounds Mall in West Palm Beach, FL. The property is located in a primary retail corridor in Palm Beach County, on the northeast corner of Military Trail and Summit Boulevard. The acquisition of the approximately 129,826 square foot, Publix grocer-anchored shopping center occurred on June 8, 2012. The property was approximately 91 percent occupied at closing.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.