Nuveen Real Estate, Taconic Partners and North American Properties completed the acquisition of Ridge Hill for $220m.

Nuveen Real Estate, a real estate funds and mandates manager, Taconic Partners, an operator and developer of commercial and residential real estate, and North American Properties, a real estate operating company, completed the acquisition of Ridge Hill, a mixed-use lifestyle center, for $220m. "We see this as an attractively priced asset in an evolving sector that fits within our well-diversified New York property focused real estate fund. The acquisition of Ridge Hill reflects a generational opportunity to re-position an already dominant lifestyle center that sits in the heart of one of the country's most affluent and densely populated regions," Nadir Settles, Nuveen Managing Director and Head of the New York Property Fund.