Top 10 Manhattan retail investment deals of 2014
December 19, 2014

522 Fifth Avenue retail condo

Buyers: Ashkenazy Acquisition, Deka Immobilien and General Growth Properties, Seller: Morgan Stanley, Price:

$165 million. Ashkenazy Acquisition and partners plan to renovate and redevelop the space occupied by shoe store Camper and sporting goods shop Orvis. Both tenants are soon vacating the property. The condo offers 7,600 square feet on the ground and 16,000 square feet, and is being marketed as a flagship location for a retailer, GGP CEO Sandeep Mathrani said during an October earnings call. Savills Studley represented the buyers, while CBRE represented Morgan Stanley.

Top 10 Manhattan retail investment deals of 2014

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