
Fulton Market Parcels Sell to NYC Developer
New York City-based Vista Property Group has acquired two properties in the Fulton Market District, reportedly with plans to develop on the site of one of them. Greenstone Partners’ Danny Spitz represented Vista in its acquisition of 400 & 401 N Morgan in an off‐market transaction.
401 N Morgan is anchored by event space Morgan Manufacturing, along with the corporate offices of The Alinea Group, Tock, Listen Ventures and Nansen.
The property at 400 N Morgan was most recently the office for T-shirt company Threadless. Currently vacant, the 7,000-square-foot building sits on 17,000 square feet of land.
“In Fulton Market, there is a very limited supply of large cash‐ flowing investments that provide redevelopment upside.” said Spitz. “Land sites and obsolete buildings in Fulton Market have been the primary source of opportunities in recent years.”
The seller, MAB Capital Management LLC, was represented by Acorn Property Management, LLC.
- ◦Acquisition