The Real Deal New York

Soho office building in contract for $125M

Pearlmark Real Estate said to be buyer of 375 West Broadway; building sold for $81M last year

June 11, 2014 10:15AM

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375 West Broadway

375 West Broadway

The building at 375 West Broadway may be sold as early as this week, the New York Post reports.

The five-story Soho property could go for as much as $125 million. In 2013,  Real Estate Equities paid $81 million for the building. The buyer this go-round is thought to be Pearlmark Real Estate Partners, according to the paper.

The Soho property spans 80,000 square feet. It houses a 7,050-square-feet location of women’s clothing retailer Anthropologie.

The building is currently at full capacity.

Earlier this year, San Francisco-based start up Square snapped up 40,000 square feet in the building. 

Michael Miller, his son Brandon of Real Estate Equities and Mark Siegel — along with a city-based fund — are the sellers, according to the Post. Douglas Harmon and Adam Spies of Eastdil Secured marketed the building. [NYP, second] – Claire Moses

  • HughGass

    54% appreciation in one year. No bubble to see here … carry on as usual.

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