NYRR BUYS MANHATTAN OFFICE CONDOMINIUM FOR $91M

by admin

NEW YORK CITY — American Realty Capital New York Recovery REIT Inc. (NYRR) has acquired a three-story office condominium in Manhattan for $90.8 million. Located at 50 Varick St. in the Tribeca neighborhood, the 158,573-square-foot building is fully leased to a subsidiary of Spring Studios Limited. Spring Studios Limited is a London-based provider of creative services to the world's top international fashion, beauty and luxury brands. With the addition of this asset, NYRR owns nearly $800 million in assets, including properties announced for purchase.

You may also like