Brief
Vornado Closes on 49% Stake in Fisher Brothers’ Park Avenue Plaza
Vornado Realty Trust has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The 1.2-million-square-foot office property at 55 E. 52nd St. traded at a gross valuatio
Vornado Realty Trust has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The 1.2-million-square-foot office property at 55 E. 52nd St. traded at a gross valuation of $1.1 billion, a significant discount to replacement cost. The trophy, Class A office building, co-owned by Fisher Brothers, has protected Park Avenue views...
Source
- Connect CREconnectcre.com
