Soho Retail Condo Fetches $80M
July 10, 2013

Underscoring the retail sector’s white-hot status—especially in trendy and well-populated areas such as Soho—a retail condo at 465 Broadway has sold for $80 million. The seller, Savanna, purchased the property a year ago for $57 million in an off-market transaction, the company announced Wednesday.

The property’s new owners are Centurion Realty, Imperium Capital and institutional partner ASB Real Estate. Ateam from Studley’s capital transactions group brokered the deal. It included Woody Heller, executive managing director and group head; corporate managing directors Will Silverman and Eric Negrin; and Daniel Parker, assistant director.