Brief
Vornado Taking 49% Stake in Fisher Brothers’ Park Avenue Plaza
Vornado Realty Trust said Tuesday it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion, a significant discount to replacement
Summary
Vornado Realty Trust said Tuesday it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.
1 billion, a significant discount to replacement cost.
Co-owned by Fisher Brothers, Park Avenue Plaza is a 45-story, 1.2-million-square-foot office building located at 55 E. 52nd St., directly across 52nd Street...
Source
- Connect CREconnectcre.com
