Developer of commercial and industrial real estate Young Woo & Associates has sold the retail space at 72 Wall Street in the Financial District to Best Work Holdings, a suspected affiliate of the company, for $14.5 million, the International Business Times reported. Best Work is registered at 72 Wall Street and the deed was signed by Charlotte Cheung, a Young Woo official, IBTimes said. Young Woo purchased 72 Wall Street, also known as 73 Pine Street, and 70 Pine Street from American International Realty for $150 million in 2009. The space totals 6,100 square feet. Winick Retail, which marketed retail space earlier this year, said it was not involved in the deal. [IBTimes]
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