Former Extell CEO snaps up Scarsdale retail hub from Saks Global
A former Extell Development executive is getting in on the Saks Global selloff. Sagehall, a fund managed by one-time Extell chief executive officer Sush Torgalkar, purchased the property at 750 White Plains Road in the New York City suburb of Scarsdale for $80 million, the Commercial Observer reported. The deal for the 200,000-square-foot retail property breaks down to $400 per square foot. The property was home to a Saks OFF 5th, which closed earlier this year as the parent company worked through bankruptcy, a process that remains ongoing. The deal for the property closed roughly three weeks ago. The property […]
This article originally appeared on The Real Deal. Click here to read the full story.
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