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| Vornado acquires Manhattan Mall New Jersey-based Vornado Realty Trust has entered into an agreement to acquire for approximately $689 million the Manhattan Mall, a mixed use property located on the entire Sixth Avenue blockfront between 32nd and 33rd Streets in Manhattan. The property, which is 97% leased, contains approximately 1.0 million square feet, including 812,000 square feet of office space, principally leased to Bank of America and The Interpublic Group, and 164,000 square feet of retail space. Included as part of the transaction are 250,000 square feet of additional air rights. The property is adjacent to the 1.4 million square foot Hotel Pennsylvania owned by Vornado. write your comments about the article :: © 2006 Construction News :: home page |