The Real Deal New York

Rockefeller Group buys two Times Square properties

May 28, 2008 05:17PM
By Adam Pincus

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The Rockefeller Group Development Corp. bought two Times Square area commercial buildings for a combined $84 million, according to property records posted today.

The company purchased the Quality Hotel Times Square at 157 West 47th Street from Manhattan-based Hampshire Hotels and Resorts for $75 million on April 30. The 60,000-square-foot building was built in 1906.

It also bought the four-story 160 West 48th Street from Wolf Realty Associates of Bay Terrace for $13.9 million on May 20. The 5,000-square-foot building, built in 1929, is zoned for a maximum build-out of 23,898 square feet.

The lots of the two properties share a common border in the center of the block.

The Rockefeller Group built Rockefeller Center and develops and manages properties in the United States and China.

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