Women’s Wear Daily
04.17.2014
fashion-scoops
fashion-scoops

Ross Stores Buying New York Building

The off-pricer has agreed to buy the building that houses its New York buying office for $222 million by Sept. 20 of next year.

fashion-scoops/news

RENT COLLECTOR ROSS: Ross Stores Inc. isn’t shying away from bricks and mortar. The Pleasanton, Calif.-based off-pricer has agreed to buy the building that houses its New York buying office, at 1372 Broadway on the corner of 37th Street, for $222 million by Sept. 20 of next year. Ross will post a 10 percent deposit for the 21-story structure and would forfeit the $22.2 million if it chose or was unable to complete the purchase, according to a Securities and Exchange Commission filing.

The company said it’s reviewing financing alternatives for the building, which was built in 1914 and, including land, was listed as having a market value of just over $200 million. It was purchased last year by Starwood Capital Group and Herald Square Properties LLC for an undisclosed amount.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Fashion


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or