Apollo sells SoHo corner.Apollo Real Estate Advisors has sold 148 Lafayette Street, a 129,000 s/f light manufacturing/office building in the SoHo district of Manhattan, to affiliates of the Louis Dreyfus Property Group and Bruce Toll, founder and vice chairman of Toll Brothers, Inc., for $59 million, Apollo announced. Apollo and its investment partners, TDC TDC Top Dead Center TDC Time-to-Digital Converter TDC Tabular Data Control TDC Total Development Cost TDC Texas Department of Corrections TDC The Discovery Channel TDC Torpedo Data Computer TDC Theater Deployable Communications Development International and Excelsior II, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , purchased the building in 2006. TDC International is a real estate development company, a part of the F&T Group, a core of real estate services companies headquartered in Flushing, Queens Flushing is an urban neighborhood in the northern part of the borough of Queens in New York City, New York. Flushing is now home to large Chinese, Korean, Indian, Hispanic, and African American communities. The neighborhood is part of Queens Community Board 7. , with offices in China. Excelsior II, LLC is a real estate fund that invests in development and redevelopment projects in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and which is managed by JPMorgan Investment Management, Inc. Holliday Fenoglio Fowler represented the partnership in the sale. Located on the corner of Lafayette and Howard streets, the 12-story brick building is situated among the SoHo, Little Italy
Little Italy is a general name for an ethnic enclave populated primarily by Italians or people of Italian ancestry, usually in an urban neighborhood. and Chinatown submarkets in Manhattan. "This is an emerging area of the city where there has been a rapid rise in property values, so the timing was appropriate for a sale," said Richard Mack, Apollo managing partner. |
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