Thor Equities, a real estate development, leasing, and asset management firm, announced its acquisition of 1165 Broadway, a 58,000-square-foot, mixed-use office and retail property in New York City, for $56 Million.
Located in Manhattan’s NoMad District, the property opened in 1867 as the Coleman House Hotel and was converted over 1906-07 into its current configuration. The property is 100% leased with tenants including global luxury brand Christian Louboutin, the premium skincare retailer Aesop, and the café Joe & The Juice.
“1165 Broadway represents a compelling opportunity to acquire a fully leased asset in one of Manhattan’s most sought-after markets,” said Chief Operating Officer Melissa Gliatta. “Strong tenant demand, limited new supply, and the neighborhood’s established appeal to creative office and retail tenants continue to support long-term value, and we are pleased to add this high-quality asset to our portfolio.”
Photo: Beyond My Ken / Wikimedia Commons
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