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Kushner Buys 250K SF Retail Condo

NEW YORK CITY—Formerly belonging to Africa Israel and Five Mile Capital Partners, the space sits in the former New York Times buildling.

By Rayna Katz | Updated on May 14, 2015

NEW YORK CITY—Kushner Cos. has entered into an agreement to acquire the retail condominium at 229 W.43rd St.—the former New York Times building—for a purchase price of $296 million. The seller is a partnership between Africa Israel USA and an affiliate of Five Mile Capital Partners.

The space—located in the Times Square corridor —includes a total of 250,000 square feet of retail contiguous through the full block, with frontage on both 43rd and 44th streets.

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