Real Estate Equities Pays $81M For SoHo Property

Law360, New York (June 13, 2013, 10:48 PM EDT) -- Real estate investment firm Real Estate Equities Corp. on Tuesday closed on its $81 million purchase of a five-story office and retail building in New York City’s swanky SoHo neighborhood from Ellwell Associates LLC.

The 55,000-square-foot building at 375-377 West Broadway houses retailers including upscale women’s clothing retailer Anthropologie, according to real estate investment brokerage Highcap Group’s managing principal Laurence Ross, who represented REE in the purchase. The building has 11,000 square feet of retail space, according to Ross.

Ellwell was represented by Lee Spiegelman of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.