NEW YORK CITY– A partnership of Rockwood Capital, Jamestown, Crown Acquisitions and Murray Hill Properties has sold 530 Fifth Ave. to a partnership led by Thor Equities for $595 million. The 26-story office and retail building occupies the entire western block of Fifth Avenue between 44th and 45th Streets.
Rockwood, Jamestown, Murray Hill, and Crown originally purchased the property in early 2012 for $390 million. Since that time the ownership team has invested more than $10 million to modernize the building's infrastructure, including renovations to the building's lobby, HVAC system, elevators and common areas. The building features approximately 480,000 square feet of office space and another 55,000 square feet of retail space, fronting on Fifth Avenue.
Rockwood declined a GlobeSt.com request for comment. A Thor spokesman did not respond to a request for comment by press time.
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