Carlyle closes on $525M stake in 666 Fifth Ave. retail condo

The Carlyle Group has closed on a $525 million interest in the retail condo at 666 Fifth Avenue, which the Kushner Companies bought last year for $1.8 billion. Carlyle paid $170 million in equity, while Barclays and SL Green provided financing. A new Abercrombie & Fitch kids store will be built in about half of the space occupied by Brooks Brothers, which is leaving the building. Abercrombie lease starts Feb. 1 at an estimated $2,500 per square foot, reportedly the highest rent in the city. The 90,000-square-foot retail space is also occupied by the NBA store. Kushner will keep a 51 percent interest in the retail condo. [Post, 2nd item] and [NYO]