Legion Investment Group Acquires Development Site In Chelsea For $87.4M

The development site at 540 West 21st Street in Chelsea was sold for $87.4 million. The transaction involved the buyer, Victor Sigoura of Legion Investment Group, acquiring the property from the seller, Casco Development. The purchase was made through the entity 550W21 Owner LLC, expanding Legion's Manhattan portfolio, which includes projects in Gramercy and Carnegie Hill.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $87,400,000
• Address: 540 West 21st Street
• Market: Chelsea
• Buyer: Victor Sigoura - Legion Investment Group
• Seller: Casco Development

Victor Sigoura, leading Legion Investment Group, finalized the acquisition of the development site. This transaction marks a strategic addition to Legion's investments in Manhattan, aligning with their previous developments in prominent neighborhoods across the city.