Japanese Real Estate Firm Enters NY With $210M Property

Law360, New York (December 13, 2013, 7:22 PM EST) -- Japanese real estate company Jowa Holdings Co. Ltd. is in contract to purchase 440 Ninth Ave. from owners Sherwood Equities Inc. and Paramount Group Inc. for more than $210 million, a source close to the deal told Law360 on Friday.

The transaction for the 400,000-square-foot property, which will be Jowa's first in New York, is expected to close next week, the source said.

The building is home to B&H Photo, which occupies about 150,000 square feet, and Uncle Jack's Steakhouse on the ground floor.

Representatives for...
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.