Vornado buys UES retail space for $190M


From left: Vornado’s Steven Roth, the Lucida and Extell’s Gary Barnett

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Vornado Realty Trust purchased 150,000 square feet of retail space in the Lucida condominium on the Upper East Side from developer Gary Barnett earlier this month for about $190 million, Crain’s reported. The space, at 151 East 85th Street, includes storefronts leased to Barnes & Noble, Sephora and H&M. The deal also includes 24 rental units in the building, which extends from 85th to 86th streets. There are currently 14 condo units for sale in the 20-story, 110-unit building, with asking prices ranging from $2.5 million to $10 million, according to Streeteasy.com. Earlier this month, the company acquired a 9.9 percent stake in J.C. Penney, and recently hired three new senior executives and began closing on a $1 billion investment fund. [Crain’s]