Ingka Group Acquires Retail Space At 529 Broadway SoHo From Wharton Properties For $213M

The property asset involved in the transaction is a retail space located at 529 Broadway in the SoHo market of Manhattan. The sale price of the asset was $213,000,000, encompassing a total square footage of 58,000, which amounts to a price per square foot of $3,672.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $213,000,000
• Address: 529 Broadway
• Market: SoHo, Manhattan
• Asset Size: 58,000 SF
• Price per SF: $3,672
• Buyer: Ingka Group
• Seller: Wharton Properties
• Seller's Representatives: Will Silverman, Gary Phillips, Carly Shoulberg - Eastdil Secured & Jeff Sutton - Wharton Properties

Key individuals involved in the deal include the buyer, Ingka Group, and the seller, Wharton Properties. The transaction was facilitated by representatives from Eastdil Secured and Wharton Properties, emphasizing collaboration between multiple brokerage firms in this high-stakes retail asset transaction.