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Empire State Sells Garment District Tower | Real Estate News
Empire State Realty Trust just sold its flagship Garment District office tower, 1359 Broadway, for $218 million — a stunning $448 per sq ft deal to Thor Equities’ Joe Sitt. The 486K sq ft building, anchored at Broadway & 36th Street with tenants like SLCE Architects and Wolfgang’s Steakhouse, closed in under a month after listing at $225M. It’s Empire State’s latest pivot away from offices toward apartments and retail, following recent land grabs in Midtown. Meanwhile, Thor Equities, quiet lately after a NoMad acquisition, is quietly expanding its portfolio — and the market’s watching…
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