Page 5 - Ezdan Holdings News Today : Breaking News, Live Updates & Top Stories | Vimarsana

 
A member of the Qatari royal family has purchased a Flatiron retail building from Thor Equities for $40 million.
Sheikh Thani bin Abdullah Al Thani purchased the 17,600-square-foot-property at 164 Fifth Avenue from Joe Sitt’s firm at $2,272 per square foot, records show. The five-story building is fully leased to Alo Yoga and sits between 21st and 22nd streets. Alo Yoga has 15 years left on its lease.
The site is also home to Sutra, a new restaurant led by celebrity chef Matthew Kenney focusing on plant-based cuisine.
Thor announced the building’s sale two weeks ago in a release, but did not disclose who acquired it. A deed recorded Wednesday revealed Al Thani as the buyer. ....

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