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Carlyle Group LP Selling NY Building For $1.3 Billion-AP

Monday, 3 Jun 2013 08:00am EDT 

The Associated Press reported that Carlyle Group LP is selling an office and retail building in New York to Crown Acquisitions and Highgate for $1.3 billion. The property, located at 650 Madison Ave. has 600,472 square feet and houses the corporate headquarters of Polo Ralph Lauren Corp. Carlyle, which bought the property in 2008, has leased more than 400,000 square feet of the building. 

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0.44 +1.63%
19 Dec 2014