REBusinessOnline

417 FIFTH AVE. SELLS FOR $140 MILLION

NEW YORK CITY — An investment fund controlled by Mexican businessman Carlos Slim Helu has acquired 417 Fifth Avenue in Midtown Manhattan for $140 million. The 11-story office tower contains approximately 380,000 square feet space, including 23,500 square feet of Fifth Avenue retail space. The Cushman & Wakefield team of Richard Baxter, Jon Caplan, Yoron Cohen, Scott Latham, Helen Hwang and Karen Wiedenmann represented the seller, a joint venture operating as W2007 417 Fifth Avenue Realty LLC. The Helu investment fund that purchased the property is Inmobiliaria Carso, S.A. DE C.V.

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