Ken Griffin makes big decision four years ahead of schedule
Ken Griffin isn’t waiting around for 2030. The Citadel founder opted this week to accelerate his bet on 350 Park Avenue, electing to take a 60 percent stake in the joint venture developing the 2 million-square-foot tower rather than wait for his original deadline to either buy the site outright or assume control later. The move reshuffles the balance of power between Griffin and his partners, Vornado Realty Trust and Rudin Management, while speeding up one of Midtown’s most closely watched office projects. Under a 2022 agreement, Griffin had until June 2030 to either acquire a majority stake in the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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