Office Portion of 160 Fifth Reportedly Under Contract
The Simons Foundation is under contract to acquire the office portion of 160 Fifth Ave. from RFR Holdings, the New York Post reported. A major tenant at 160 Fifth with about 76,000 square feet, the nonprofit foundation established by Renaissance Technologies’ Jim Simons will pay $185 million for the 150,000-square-foot property’s offices.
RFR plans to hold onto the retail at 160 Fifth, the Post reported. Club Monaco currently occupies most of the retail space.
According to the Post, a Cushman & Wakefield team of Douglas Harmon, Adam Spies and Michael Collins is handling the sale of 160 Fifth’s retail, along with a JLL team.
The sale is expected to close in the early fall. Through a spokeswoman, RFR declined to comment on the Post report.
If the sale closes, it will represent the third sale of a Fifth Avenue office component recently, following trades at 666 and 685 Fifth.
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