Ashkenazy Acquisition Corp., in a joint venture with private equity firm The Carlyle Group, has completed its $680 million purchase of 650 Madison Ave., a 27-story office and retail tower in midtown Manhattan.
Hiro Real Estate Co. of New York sold the 600,000-square-foot building for more than $1,130 per square foot.
The property is anchored by Polo Ralph Lauren's corporate headquarters and includes 90,000 square feet of retail space occupied by the New York flagship stores of furniture chain Crate and Barrel and designer accessories label Tod's.
New York City 2010
