Published On: Wed, Jan 28th, 2015

Thor Equities Sells 212 Fifth Ave for $260 Million

212 Fifth Avenue

Joseph Sitt’s Thor Equities has closed two new major deals. It has acquired a NoMad property from Extell Development located at 212 Fifth Avenue in Manhattan for $260 million in partnership with Madison Equities and Building and Land Technology. It has also struck a deal to sell 837 Washington Street in Manhattan’s Meatpacking District, which it co-owns with Taconic Investment Partners, for a record $200 million to TIAA-CREF.

212 Fifth Avenue is a 220, 000 square foot office building located at West 26th Street. Built in 1913, it has 2o above ground floors and reaches a height of 264 feet.

“Thor is extremely excited about the potential that 212 Fifth Avenue offers, ” Melissa Gliatta, the executive vice president at Thor Equities, told the Commercial Observer through a spokesman.

Home of Samsung’s New York offices, 837 Washington Street offers 37, 000 square feet of retail space on four levels and an additional 27, 000 square feet of office/commercial space throughout the remaining floors. It also has 100 feet of frontage on Washington Street, a functioning roof deck and two terraces. It is located at the corner of West 13th Street.

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