Vornado and the Kushner Companies Announce the Recapitalization of 666 Fifth Avenue
Vornado Realty Trust (NYSE: VNO) announced today that it has formed a joint venture with an affiliate of the Kushner Companies to recapitalize the office portion of 666 Fifth Avenue, a 39-story, 1.450 million square foot Class A office building located on the full block front of Fifth Avenue between 52nd and 53rd Street. Vornado has acquired a 49.5% interest in the property from the Kushner Companies, the current owner.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.