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New York

Vornado puts full-block office building on Broadway up for sale

The 620K sf property could go for $600M, sources say

From left: 1740 Broadway, Vornado CEO Steven Roth, Darcy Stacom and Bill Shanahan
From left: 1740 Broadway, Vornado CEO Steven Roth, Darcy Stacom and Bill Shanahan

Vornado Realty Trust is putting the full-block office tower at 1740 Broadway up for sale.

The 620,000-square-foot property, which rises 26 stories between West 55th and 56th streets, could go for $600 million, sources tell Crain’s. The structure was built in 1950 and went through a full-building modernization including a new lobby in 2007, according to Vornado’s website.

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The building’s largest tenant is L Brands, which operates the Victoria’s Secret and Bath and Body Works chains, according to the news site.

Darcy Stacom and Bill Shanahan of CBRE Group are handling the sale. [Crain’s] — Tom DiChristopher

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Home SalesMidtown Office MarketVornado Realty Trust