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New Office Space Created in Retail’s Tumult

By Tony Seruga

Normandy Real Estate Partners found what it viewed as the perfect spot for a high-end Manhattan office development: the upper floors of the ABC Carpet & Home building, a retail industry landmark.

Last year, Normandy closed on a $133 million deal for the upper portion of ABC Carpet’s flagship store in the Union Square and Flatiron District neighborhoods, with plans for a $40 million conversion of several floors of retail space into office space…

New Office Space Created in Retail’s Tumult

Categories : Commercial Real Estate

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