Jun
14
Thor Seals $525M Manhattan Deal
ByA French billionaire has reportedly acquired a premier Fifth Avenue office and retail asset from Thor Equities.
693 Fifth Ave., New York City
New York—Thor Equities has closed on its sale of 693 Fifth Ave. in Midtown Manhattan for $525 million, almost four times the 20-story building’s purchase price barely half-a-dozen years ago, Thor announced Friday.
The 100,000-square-foot office and retail building is home to the flagship store of luxury fashion brand Valentino, which occupies four full levels of retail space with 50 feet of Fifth Avenue frontage. Upper-floor office tenants include Carpenters Workshop Gallery, Louis Licari and Phillips Auctioneers…
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