NEW YORK CITY-A consortium has completed the acquisition of 530 Fifth Ave., a 500,000-square-foot office building in Midtown, for approximately $390 million. Joseph Chetrit and Joseph Moinian have sold the old Bank of New York tower for $780 per square foot.
The 26-story office tower is situated between W. 44th and W. 45th streets. Bloomberg reported that the property was purchased by the Kuwaiti social security system controlled by Wafra. Eastdil Secured's Adam Spies and Douglas Harmon marketed the property. For the full story, go to New York Post .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
