Friday, June 14, 2013

RE Equities Corp Acquires 375 Broadway for $81M




National Commercial Real Estate News From CoStar Group





RE Equities Corp Acquires 375 Broadway for $81M



Real Estate Equities Corporation has acquired the mixed-use building at 375-377 W. Broadway in New York City from Ellwell Associates LLC for $81 million, or about $1,500 per square foot.

The five-story, 55,710-square-foot office building was constructed in 1863 on a quarter-acre in Manhattan's Soho district, between Broome and Spring Streets. It offers 11,000 square feet of ground-floor retail space with 56 feet of frontage, currently leased to...






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