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After Three Decades, Midtown South Office Property Trades

NEW YORK CITY—The 20-story building has six full floors available for lease that will be outfitted with custom pre-builds.

220_5th_Ave 220 Fifth Ave. is in the landmarked Flatiron District. Credit: Stellar Management

NEW YORK CITY—Stellar Management, in partnership with Imperium Capital, has acquired a leasehold interest in 220 Fifth Ave. from a subsidiary of Dino & Sons Realty Corp.

Parties to the deal declined to reveal the transaction price but industry data sources report that the trade of the 150,900-square-foot property was done for $120 million, or $795 per square foot.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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