Acquisition · Borough Park
1080 McDonald Avenue trades for $40.6M
The family that already runs the ShopRite at the 130,400-square-foot Borough Park shopping center bought it from the Leser Group, which had owned the site since 1985.
- Amount
- $40.6M
- Type
- Acquisition
- Date
- Jul. 2026
1080 McDonald Avenue, Brooklyn, NY
Recorded in NYC property records.
- Seller
- Mc Donald Center, L.L.C.
- Buyer
- Avenue I 1080 Realty Co. LLC
- The Glass family, through Glass Gardens Inc., already operates the ShopRite at this address and is now buying out its own longtime landlord.
- Seller (Leser Group) had owned the 130,400-sq-ft shopping center since 1985.
- No redevelopment plans have surfaced in any source checked.
Overview
On July 13, 2026, the Glass family -- through Avenue I 1080 Realty Co. LLC, tied to Glass Gardens Inc. -- acquired the ShopRite-anchored shopping center at 1080 McDonald Avenue in Borough Park from Mc Donald Center, L.L.C. (the Leser Group) for $40.6 million, confirmed by PincusCo and Boro Park 24.
The Glass family already operates the ShopRite at this address through Glass Gardens Inc.; the Leser Group had owned the site since 1985.
The operating tenant buying out its own longtime landlord, consolidating ownership of a 130,400-square-foot shopping center rather than a routine investment flip. No redevelopment plans have surfaced in any source checked -- a real, substantial capital event, not a construction story.
Parties Involved 2 recorded
Basis
Named as grantor on the ACRIS DEED document; confirmed as the Leser Group's holding entity (owner since 1985) by PincusCo and Boro Park 24.
Leser Group: Recorded on this Deal as the party behind "Mc Donald Center, L.L.C." — named in this Deal's own published summary; named in this participant row's own role basis. The ACRIS-recorded party is unchanged and remains "Mc Donald Center, L.L.C.".
Basis
Named as grantee on the ACRIS DEED document; confirmed by PincusCo and Boro Park 24 as tied to the Glass family, which already operates the ShopRite at this address.
Glass family: Recorded on this Deal as the party behind "Avenue I 1080 Realty Co. LLC" — named in this Deal's own published summary; named in this participant row's own role basis. The ACRIS-recorded party is unchanged and remains "Avenue I 1080 Realty Co. LLC".
Glass Gardens Inc.: Recorded on this Deal as the party behind "Avenue I 1080 Realty Co. LLC" — named in this Deal's own published summary. The ACRIS-recorded party is unchanged and remains "Avenue I 1080 Realty Co. LLC".
Counts and combined values are computed from Hush Street’s own published Deal records only. “Combined” is the total value of the transactions a party appears on, not capital deployed by that party, and two parties on the same transaction each reflect its full amount. Not a career or market total.
Marks shown are Hush Street editorial monograms, generated from each party’s recorded name — not official company logos.