Women’s clothier buys $2.75M office in Midtown condo

Iluna USA, a clothier specializing in women’s intimate apparel, has
purchased a half-floor office condominium unit at 110 East 40th Street
for $2.75 million, according to Rudder Property Group, which
represented the buyer in the transaction. The office building, located
between Park and Lexington avenues, is now nearly 50 percent sold,
according to firm founder Michael Rudder. Developer Philips
International purchased 110 East 40th Street in January
2009 for $35 million. Philips subsequently renovated the
nine-story building for office tenant use. Newmark Knight Frank
represented the developer in the transaction. TRD