The Real Deal New York

Sitt a partner in $190M Soho buy

August 07, 2007 12:00AM

Thor Equities CEO Joseph Sitt owns approximately 50 percent of the interest in three Soho office buildings after the recently completed $190 million purchase of 530-536 Broadway. Buyers of the adjacent buildings, located at the corner of Spring Street, include a partnership headed up by Israeli investor Yaron Jacoby, according to reports. The office space is currently 95 percent leased to tenants paying about $29 a square foot, with the loft-like floors expected to fetch more than $75 a square foot when nearly all the leases expire in 2013. more [Post]


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