The Real Deal New York

At long last, World Wide Plaza hits the market

August 28, 2012 10:30AM

Worldwide Plaza, the behemoth office building located at 825 Eighth Avenue, will go up for auction, the New York Observer reported.

The owners of the 59-story tower, George Comfort & Sons and RGC Longview, first tapped Eastdil Secured to market the building in May. After failing to secure an off-market bid they were happy with, Adam Spies and Doug Harmon of Eastdil told the Observer they were ready to head to auction with 1.8-million-square-foot tower.

The current owners nabbed the building for about $600 million in 2009, and the sale price for the building now is expected to be at least twice that, the Observer said. [NYO]