The Real Deal New York

Vornado puts full-block office building on Broadway up for sale

The 620K sf property could go for $600M, sources say
July 30, 2014 04:30PM

Vornado Realty Trust is putting the full-block office tower at 1740 Broadway up for sale.

The 620,000-square-foot property, which rises 26 stories between West 55th and 56th streets, could go for $600 million, sources tell Crain’s. The structure was built in 1950 and went through a full-building modernization including a new lobby in 2007, according to Vornado’s website.

The building’s largest tenant is L Brands, which operates the Victoria’s Secret and Bath and Body Works chains, according to the news site.

Darcy Stacom and Bill Shanahan of CBRE Group are handling the sale. [Crain’s]Tom DiChristopher