SOLD
Kering Acquires Fifth Avenue Retail Property From Wharton Properties For $963M
715-717 Fifth Avenue
Retail
230,000 SF
230,000 SF
Sold 97 days ago
Summary
Sale
NEW YORK
Retail
230,000 sqft
In a closed transaction on January 22, 2024, the property located at 715 - 717 Fifth Avenue in Midtown Manhattan was sold. The asset in question is a retail space spanning 115,000 square feet. The sale price for this property was a staggering $963,000,000, resulting in a price per square foot of $8,374.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $963,000,000
The buyer in this deal was Kering, while the seller was Wharton Properties represented by Jeff & Joe Sutton. The brokers involved in facilitating the transaction were Will Silverman and Gary Phillips from Eastdil Secured.
This significant transaction demonstrates the strong demand for retail properties in the thriving market of Midtown Manhattan.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Will Silverman, Jeff Sutton, Joe Sutton & Gary Phillips
DATE: 01/22/2024
ADDRESS: 715 - 717 Fifth Avenue
MARKET: Midtown Manhattan
ASSET TYPE: Retail
BUYER: Kering
SELLER: Wharton Properties - Jeff & Joe Sutton 👑
BROKERS: Will Silverman (@Wilverman1978) & Gary Phillips (@Garyty123) - Eastdil Secured (@EastdilSecured)
SALE PRICE: $963,000,000
SF: 115,000 ~ PPSF: $8,374View on map
Loading...
Address715-717 Fifth Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want