Italian firm seeks Woolworth investment
November 03, 2009 12:30PM
The Woolworth Building
Italian real estate and financial firm Sorgente Group is the latest among a series of international investors eyeing Manhattan office buildings. Sorgente CEO Valter Mainetti told Bloomberg that his group is in talks to purchase a 51 percent stake in the 57-story Woolworth Building at 233 Broadway in the Financial District. Sorgente, which is also invested in the Flatiron Building, is reportedly in talks to invest in two other New York City buildings, but Mainetti said he could not disclose what they were. [Bloomberg via Post]
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Comments
Anonymous
Isn't this a fruchthandler building? He needs cash?
Comment #1 Posted By: Anonymous 11/03/09
Anonymous
I thought Footlocker owned this when they bought Woolworths back in the late 90s? I guess they sold the building off sometime later. Very cool architecture.
Comment #2 Posted By: Anonymous 11/03/09
Anonymous
Witkoff/Schron
Comment #3 Posted By: Anonymous 11/03/09
Anonymous
i'm sure noone is forgetting that this property has been totally mismanaged with some dream to vacate the top floors and make a "country club for hedge funds" boom goes the dynamite, 12 months later, woolworths is for sale.
that italian firm is awesome, every building is more beautiful than the last.
Comment #4 Posted By: Anonymous 11/05/09