202 Fifth Avenue

A Spanish kitchen and bathroom tile company has purchased a historic Madison Square Park building for its U.S. headquarters. According to the Wall Street Journal, Porcelanosa paid $40 million for the 15,000-square-foot building at 202 Fifth Avenue, between 25th and 26th streets. The building is engraved with a Commodore Criterion sign. The signage was a remnant of its former tenant, the Commodore Manufacturing Corp., which recently moved its headquarters to Brooklyn. [more]