Madison Capital and Prudential Financial, Inc. (NYSE:PRU) acquired portfolio of five Citibank retail bank branches in New York from FGP West Street LLC for $80.6 million on January 15, 2013. Aaron Birnbaum and Tal Savariego of Meridian Capital Group LLC in joint venture with an institutional owner negotiated $40 million in acquisition financing on behalf of Madison Capital. Kenneth Zakin, Randall Liberman and Hymie Dweck of Newmark Grubb Knight Frank acted as real estate advisor for FGP West Street LLC.


Madison Capital and Prudential Financial, Inc. (NYSE:PRU) completed the acquisition of five Citibank retail bank branches in New York from FGP West Street LLC on January 15, 2013.