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New York

REIT buys Flatiron space; religious HQ moves east

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Philips International Holding Corp. recently purchased the Flatiron District headquarters of an international Jewish synagogue association for $26.5 million. The REIT is looking to rent all of 155 Fifth Avenue to a tenant in the fashion industry. The United Synagogue of Conservative Judaism, which sold the property, acquired the six-story building in 1974. Founded in 1913, United Synagogue is the association of Conservative congregations in North America, with 760 synagogue affiliations. The association is moving to 820 Second Avenue, near 44th Street, in late December. more By Lauren Elkies