ESRT’s 1359 Broadway Selling to Thor for $218M
Only a month after Commercial Observer learned it was going on the market, Empire State Realty Trust (ESRT) has found a buyer for 1359 Broadway in Thor Equities, which agreed to pay $218 million for the 22-story office building, according to sources. This is not much lower than…
Only a month after Commercial Observer learned it was going on the market, Empire State Realty Trust (ESRT) has found a buyer for 1359 Broadway in Thor Equities, which agreed to pay $218 million for the 22-story office building, according to sources. This is not much lower than…
BELLINGS Intelligence Score: 12
Why it matters
The sale of ESRT’s 1359 Broadway for $218 million is a routine commercial real estate transaction with limited broader market impact or novelty for credit-market professionals.
Sources
Commercial Observer
ESRT’s 1359 Broadway Selling to Thor for $218M
Only a month after Commercial Observer learned it was going on the market, Empire State Realty Trust (ESRT) has found a buyer for 1359 Broadway in Thor Equities, which agreed to pay $218 million for the 22-story office building, according to sources. This is not much lower than…