{"id":1004129601,"date":"2015-10-19T05:40:39","date_gmt":"2015-10-19T13:40:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004129601"},"modified":"2020-05-18T03:24:41","modified_gmt":"2020-05-18T11:24:41","slug":"thor-on-a-roll-in-nyc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thor-on-a-roll-in-nyc\/","title":{"rendered":"Thor on a Roll in NYC"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/thorequities.com\/\" rel=\"nofollow\">Thor Equities<\/a> has closed on its purchase of 180 Livingston St., a 257,000-square-foot office-and-retail property in downtown Brooklyn, the company announced late last week. The sale price was $136 million, and the sellers were Treeline Cos. (of the upper office unit, on floors 3\u20136) and Brooklyn Tabernacle (of the lower retail and creative office unit, or the second floor and ground and lower levels), a Thor spokesperson told <em>Commercial Property Executive<\/em>.<\/p>\n<p>The building\u2019s office space is about 71 percent occupied, also according to the spokesperson, with the majority of the space leased to the Metropolitan Transportation Authority.<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/180-Livingston.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004129603\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/thor-on-a-roll-in-nyc\/180-livingston\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/180-Livingston.jpg\" data-orig-size=\"1024,683\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;16&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 6D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1440325020&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.02&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"180 Livingston\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/180-Livingston.jpg?w=1024\" class=\"alignright size-medium wp-image-1004129603\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/180-Livingston.jpg\" alt=\"180 Livingston\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/180-Livingston.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/180-Livingston.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/180-Livingston.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>\u201c180 Livingston is ideally situated in the heart of Brooklyn\u2019s largest business district and surrounded by such dynamic neighborhoods as DUMBO, Brooklyn Heights, and the Brooklyn Navy Yard,\u201d  Joseph Sitt, CEO of Thor Equities, said in a prepared statement.<\/p>\n<p>The six-story Class A building is one block south of Fulton Mall, and MetroTech Center and a number of educational institutions and government agencies are also nearby, as are some of New York\u2019s largest planned developments, including City Point, Pacific Park and the BAM Cultural District.<\/p>\n<p>180 Livingston has 200 feet of block-through frontage to Schermerhorn Street between Smith and Hoyt streets and is within easy walking distance to 13 subway lines, 16 bus lines and the Long Island Rail Road.<\/p>\n<p>The purchase represents another surge for Thor, which has been plenty active in New York over the past year or so. Last October, it and partners General Growth Properties and RXR Realty closed on a $595 million <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/northeast\/thor-equities-jv-buys-manhattans-530-fifth-ave\/1004106121.html\">purchase of 530 Fifth Ave.<\/a> in Manhattan. That deal followed Thor\u2019s June 2014 <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/northeast\/thor-equities-closes-on-manhattans-685-fifth-ave\/1004099639.html\">acquisition of 685 Fifth Ave.<\/a><\/p>\n<p>And along the way, Thor and development partner Taconic Investment Partners signed Samsung Electronics North America to a <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/northeast\/thor-taconic-sign-samsung-to-long-term-lease-in-nycs-meatpacking-district\/1004100671.html\">long-term lease for all of their building<\/a>, then nearing completion, at 837 Washington St. in Manhattan\u2019s Meatpacking District.<\/p>\n<p>&nbsp;<\/p>\n<p># #<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York-based international development and investment firm has snapped up a hometown property yet again, this time in the heart of Brooklyn\u2019s largest business district.<\/p>\n","protected":false},"author":882,"featured_media":1004129603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11,21742,10,21747],"tags":[],"class_list":["post-1004129601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-midatlantic","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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