Acquisitions
Related acquires 517 West 35th Street
Published on
Deal has been in contract since 2013
Related has closed on its acquisition of 517 West 35th Street from HLM Realty for $96 million. The lot allows for the development of 234,000 SF, and will be part of the 1.4 million SF mixed-use project that Related is developing with Spitzer Enterprises.
Some things are worth waiting for… The firm signed a contract to buy the Far West Side lot in August 2013.
Acquisition Financing: Mack Real Estate Credit Strategies provided the developer with a $65 million loan.
