It’s Done! Carlos Slim Closes on Oddly Modest Fifth Avenue Building
Dana Rubinstein June 14, 2010, 1:28 p.m.
It’s done! Carlos Slim, richest man in the world, Mexican telecom billionaire and New York Times creditor, has officially closed on his first piece of the rock, an 11-story office building at 417 Fifth Avenue.
Cushman & Wakefield, the brokerage that handled the sale, issued a release Monday (even though the Cushman team that brokered the deal has since largely defected to rival firm Jones Lang LaSalle).
The $140 million deal, first reported in April by The Observer, gives Mr. Slim a 412,000-square-foot office building at the corner of Fifth and 38th Street, an oddly grounded real estate investment for a such a grotesquely wealthy individual.