There’s a new top-dollar sale in Hamptons retail history. Los Angeles-based Runyon Group paid $39 million for a pair of retail properties in Water Mill, Behind the Hedges reported. The properties are not directly adjacent but are near one another and traded together. The sellers were Vault Development Partners and Ben Rinzler, who teamed up to tie the assets together in an assemblage. The two complexes combine to take 84 percent of the hamlet’s gross leasing area. The Hamptons Commercial Real Estate Team at Compass, led by Hal Zwick and Jeffrey Sztorc, arranged and announced the deal. Zwick revealed that […]

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