The Real Deal New York

Takashimaya bidders get to second round

May 14, 2010 09:15AM

Fifth Avenue’s Takashimaya building, which hit the market last month, is reportedly drawing a slew of high-profile bidders, and several have already been selected to submit second-round offers by the end of the month. According to the Post, Vornado Realty Trust, a group led by David Werner, a team of Jeff Sutton and SL Green Realty and an unidentified luxury retailer are among those prepping their second bids for the 693 Fifth Avenue spot. The 97,000-square-foot building is said to be worth $120 million to $130 million, though there have been offers above that range. The space is being marketed by Nat Rockett of Jones Lang LaSalle, who is expected to choose a new owner next month. [Post]

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