Deals
Manhattan’s 530 Fifth Ave. Office Building Sold for $595 Million
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A partnership including Thor Equities LLC agreed to buy a 26-story office and retail building on Manhattan’s Fifth Avenue for $595 million.
The deal for the 500,000-square-foot (46,000-square-meter) building at 530 Fifth Ave. is expected to close in mid-September, sellers Rockwood Capital, Jamestown, Murray Hill Properties and Crown Acquisitions said in a statement today. Thor, based in New York, is joining with Chicago-based General Growth Properties Inc. and Scott Rechler’s RXR Realty LLC in the purchase, said three people with knowledge of the terms, who asked not to be identified because the deal isn’t complete.