"We're pleased to expand the Kushner portfolio in Manhattan withthe addition of such a unique asset," says principal Jared Kushner,in a statement. "We are very bullish on New York real estate, andwe are confident that 666 Fifth has great upside potential. Weidentified a premier building with the highest quality officeconfiguration and one of the best retail boxes in the world."
The sale factors out to about $1,200 per sf , which is doublethe previous record set in May 2005 when Tishman Speyer bought theMetLifeBuilding for $1.72 billion.
News of the deal was first reported by GlobeSt.comin December. At the time neither side would comment on thedeal.
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