EPIC Eyes $130M Buy Of Mixed-Use Manhattan Building

Law360, New York (March 13, 2012, 4:54 PM EDT) -- Real estate investment firm EPIC LLC is planning to purchase a 12-story Manhattan office and retail building from Property Group Partners for approximately $130 million, a source close to the deal said Tuesday.

The deal for the 155,000-square-foot building at 148 Lafayette St. is expected to close in the next couple of months, the source said.

The price tag of about $870 per square foot is nearly twice the $59 million that PGP, formerly known as Louis Dreyfus Group, put down for the property in 2007....
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