Property is anchored by a Waldbaum's Supermarket.
Weatherford, an oil company, occupies 96 percent of the building and has a right of first offer and a right of first refusal to purchase it if Wells eventually decides to sell.
The office building is 75 percent leased to office and retail tenants. The new owner has the option, during the term of the loan, to convert the vacant space to rental apartments
New owners plan to convert the property, which sits opposite Lincoln Center, into luxury condos.
February 3, 2004 Vornado Realty Trust (NYSE:VNO) has acquired the Forest Plaza Shopping Center in Staten Island, N.Y., for about $32.5 million.Forest Plaza is a 165,000-square-foot shopping center that is anchored by a Waldbaum's Supermarket.As part of the deal, Vornado ...
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© 2023 Commercial Real Estate Direct All rights reserved..