Ardian Purchases Retail Property At 715 5th Avenue From Kering SA For $900 Million

The asset involved in the transaction is a retail property located at 715 5th Avenue in Midtown Manhattan. The transaction was completed for a price of $900,000,000, with a total square footage of 115,000, resulting in a price per square foot of $7,826.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $900,000,000
• Address: 715 5th Avenue
• Market: Midtown Manhattan
• Square Footage: 115,000
• Price Per Square Foot: $7,826
• Buyer: Ardian
• Seller: Kering SA
• Broker Representation: Will Silverman, Gary Phillips & Carly Shoulberg - Eastdil Secured

The transaction was facilitated by brokers Will Silverman, Gary Phillips, and Carly Shoulberg from Eastdil Secured, representing the interests of both the buyer, Ardian, and the seller, Kering SA. The brokers played a key role in bringing both parties together for this significant retail transaction.