The Real Deal New York

Sitt nabs Burkle’s Meatpacking building for $100M

November 14, 2012 02:30PM

Grocery/real estate/private equity tycoon Ron Burkle has flipped his Meatpacking District property — he owns a majority  interest in the building, which houses such retailers as Scoop boutique — for close to $100 million to Joe Sitt of Thor Equities, the New York Post reported.

Eastdil Secured’s Douglas Harmon, Adam Spies and Kevin Donner brokered the deal for the brick loft building at 430 West 14th Street, the Post said. Burkle bought it for $65 million last year, as previously reported.

Sitt will likely buy out the leases of the retailers currently in the building, the Post said. Those also include hair salon Edris, designer Rena Lange and a bar called Hogs N’ Heifers. [Post] –Guelda Voien