Sales | The Real Deal New York

The Real Deal New York

Deal sheet    Single Deal
  • Event Sales
  • Address 530 Fifth Avenue
  • Square feet 500,000
  • Price $ 390,000,000
  • Price per foot $ 780.00
  • Borough Manhattan
  • Neighborhood Grand Central
  • Publication Date 11/01/2011
The property sold for $390 million, or $780 per square foot, the Wall Street Journal reported. Jamestown Properties and Rockwood Capital, which are providing equity for the purchase, will be the controlling equity holders in the property. The selling group originally acquired the building for $210 million in 2004. The building has 21,790 square feet of retail space on Fifth Avenue, currently occupied by LensCrafters, Chase bank and Fossil. The building also has several big-name office tenants, including JPMorgan Chase and MassMutual.