Sales Beat

Thor Equities and ASB Real Estate Investments Pay $96.5 M for Meatpacking Building

875 Washington Street

Thor Equities and ASB Real Estate Investments’ Allegiance Real Estate Fund have purchased 875 Washington Street in the Meatpacking District for $96.5 million.

The 60,000-square-foot, five-story building, between 13th and 14th Streets, features office and retail space and is located across the street from the High Line Park, a main driver in the neighborhood’s assent as one of the city’s most-travelled retail destinations.

“The Meatpacking District is the place to be in the fashion world, and as purveyors of high-end retail real estate, it is only fitting that we continue to expand our presence here,” said Joseph Sitt, CEO at Thor Equities, in a statement. “Situated among many of the world’s best nightlife, dining, and shopping outposts, 875 Washington is truly in the heart of the excitement and growth of Manhattan.” Read More

Lease Beat

Drawn Ceaselessly Onto Bond Street

What’s an eponymous store to do? Bond No. 9 was looking for a headquarters, but felt, well, bonded to its namesake street.

“They looked on Broadway, they looked on Bleecker,” Prudential Douglas Elliman‘s Faith Hope Consolo told The Observer, but the tenant landed instead in a classic old-world showroom and corporate event space at 42 Read More