ESRT eyes $150M for Garment District office building
Empire State Realty Trust is looking to sell an office building in the Garment District — the latest in a string of sales as the company prioritizes where it’s putting its money. The Tony Malkin-led REIT put the nearly 500,000-square-foot building at 501 Seventh Avenue on the market, The Real Deal has learned, eyeing a price tag of about $150 million. The 18-story building at the corner of West 37th Street is 84 percent leased, according to an offering memo from Newmark. The building is popular with fashion industry tenants, including Steven Madden, PVH Corp and Carolina Herrera. ESRT has […]
This article originally appeared on The Real Deal. Click here to read the full story.
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