K Property Group, LLC and Lasalle Global Partner Solutions Limited entered into an agreement to acquire Retail property in 478-482 Broadway, Manhattan from Vornado Realty Trust.

K Property Group, LLC and Lasalle Global Partner Solutions Limited entered into an agreement to acquire Retail property in 478-482 Broadway, Manhattan from Vornado Realty Trust (NYSE:VNO) on August 30, 2021. In related transaction, Vornado Realty Trust (NYSE:VNO) announced today that it has entered into agreements to sell four Manhattan retail properties located at 677 – 679, 759 – 771 in Madison Avenue, 478-482 Broadway and 155 Spring Street along with and 828 – 850 in Madison Avenue for $184.5 million. The transactions are subject to customary closing conditions.

The sale of the Soho properties is expected to close in the first quarter of 2022.