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Shvo partnership buys NYC retail building for $382M

Mar 12, 2020 - SNL Real Estate Daily

The purchase price is slightly less than the $400 million the parties initially agreed to, The Real Deal reported, citing property records.

A joint venture of Wharton Properties LLC's Jeff Sutton and Thor Equities LLC's Joe Sitt sold a Manhattan, N.Y., retail building to a development group led by Shvo's Michael Shvo for $382 million, The Real Deal reported, citing property records.

The purchase price is slightly less than the $400 million the parties initially agreed to.

The t...