JV buys office space in Gucci Building
A joint venture of institutional investors led by Deutsche Finance America and BLG Capital has acquired more than 100,000 square feet of vacant office space at 685 Fifth Avenue, also known as the "Gucci Building. The seller was a public real estate investment trust. The joint venture raised $155 million in equity for the acquisition and development of the project and is seeking about $100 million in debt funding to fully capitalize it.
3 August 2018•2 mins read
