NEW YORK CITY-Madison Capital has acquired two towers from Hiro Realty in a structured deal that estimates the assets at $200 million. Hiro sold its debt on the assets to Madison Capital to avoid a foreclosure auction.
The tower at 655 Fifth Avenue, 52nd street, is a mini-trophy, which is totally occupied by retailer Ferragamo. The 100 Broadway building is a 350,000-square-foot office tower located between Wall and Pine streets and is 70% leased. For the full story, go to New York Post.
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