L&L Holding Co. and Normandy Real Estate Partners bought the former warehouse-turned-office building in Chelsea for triple its last valuation. Terminal Stores, which currently houses the offices of Uber and L’Oréal, among others, was valued at $300 million in 2014 when GreenOak Real Estate bought a 49 percent stake in Waterfront New York’s 1.2 million-square-foot building. The sale to L&L and Normandy, who teamed up as a joint venture for the deal, reflects the booming […]
source https://therealdeal.com/2018/07/29/ll-and-normandy-acquire-terminal-stores-in-chelsea-for-900m/
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