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MARCH 31, 2014

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IN-DEPTH: SL Green, Jeff Sutton buy SoHo office building for $326m

by Andrea Waitrovich

In New York City, 530–536 Broadway was sold to joint venture partners Jeff Sutton and SL Green Realty Corp. for $326 million. Here’s an in-depth look at the deal.

 

THE DEAL

The sellers of the three-building, 11-story property were Thor Equities and Premier Equities, and they were represented by Eastdil Secured. The 196,000-square-foot property sold for $1,663 per square foot.

 

THE ASSET

530–536 Broadway is a mixed-use property with two levels of retail with the remaining floors occupied by office space. It is located in Midtown South, a submarket of Manhattan. The property was c

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