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Thor Goes to Washington St. in JV Buy

NEW YORK CITY-The company enthusiastically snapped up a Meatpacking District property, spanning a full city block, for $96.5 million.

By Rayna Katz | Updated on January 17, 2013

NEW YORK CITY-Thor Equities and ASB Real Estate Investments announced Thursday the purchase of a landmark property at 875 Washington St., in the Meatpacking District. The property was acquired from Scoop NYC for $96.5 million by Thor Equities in a JV with ASB’s Allegiance Real Estate Fund, according to the announcement.

Spanning 60,000 square feet, the five-story building occupies the entire block of Washington Street between 13th and 14th Streets and wraps around to both side streets, providing significant retail frontage in one of the city’s most fashionable shopping areas.

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