Manhattan Mogul Drops $120M On Retail Property

Law360, New York (March 22, 2012, 5:36 PM EDT) -- An affiliate of New York real estate mogul Sheldon Solow has purchased an 80,000-square-foot office and retail building in Manhattan for $120 million from a unit of real estate management firm Trigon Equities Corp., an attorney for Trigon said Thursday.

The deal, in which Trigon 57 LLC sold 10-14 W. 57th St. — the former long-time home of the Henri Bendel department store — to 10 West 57th Street Realty LLC closed Tuesday, according to Marina Rabinovich of Schiff Hardin LLP.

Financing details for the transaction...
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