Madison Capital has acquired an office building at 130 Prince Street in Soho from Invesco Real Estate for $206 million. The five-story property spans 88,000 square feet, and contains a valuable retail component on the ground floor.
- Worth Noting: MAC – cosmetic brand owned by Estee Lauder – recently vacated the office space. Tech company Square was rumored to be eyeing the entire office component (70,000 SF) this past March.
- Flashback: Invesco paid $140.5 million for the property in 2012, and subsequently renovated it.