X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-It’s official: developer Thor Equities has purchased the historic Scribner Building at 597 Fifth Ave. in Midtown for $99 million from seller A&A Acquisitions, according to a property report from Real Capital Analytics. GlobeSt.com previously reported that the 12-story structure between 48th and 49th Streets was in contract for purchase by Thor in June 2011. It’s in and area where asking prices were rumored at the time to be around $108 million. A&A Acquisitions originally purchased the building in July 2006 for $79.1 million, RCA data shows.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.