It’s Done! Carlos Slim Closes on Oddly Modest Fifth Avenue Building


slim 2 Its Done! Carlos Slim Closes on Oddly Modest Fifth Avenue BuildingIt’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.

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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.