SEPTEMBER 4, 2008
MARY MCFADDEN BUILDING SHEDS FOR $58M
- Globe St.
A joint venture of locally based Hidrock Realty and Scarsdale, NY-based Meritage Properties has acquired a 162,000-sf office building, known as the Mary McFadden Building, at 240 W. 35th St., between Seventh and Eighth avenues. According to
a source close to the deal, the purchase price was $58 million. The seller was the
Eretz Group, who couldn't be reached by deadline for comment; however the source
tells GlobeSt.com that the reason for selling was simply that it was "offered a good
price," for the asset.
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