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1552 Broadway
March 5th, 2012 by THE INVESTOR | Leave a comment | Deals
15,000 sq ft (1,394 sqm) New York, USA
retail sale USD 136.5 million
A 160,000sq ft Class B office building, fully leased to Donna Karan New York ('DKNY'), a wholly owned subsidiary of LVMH (S&P: A), through July 2016. The tenant has been in occupancy since 1992 and has invested significant capital into the building over time. The property is ideally located on West 40th Street, between 7th and 8th Avenues, at the confluence of three of Manhattan's most exciting submarkets: Midtown South, Penn Plaza and Times Square. Significant upside potential can be achieved either via the renewal of the tenant or by lease-up of the space upon DKNY rollover. Should you wish to receive more information on this investment opportunity, please contact us at acm@ap.jll.com
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