130 Prince Street

The Company acquired this asset in June of 2007 in a joint venture with JP Morgan Asset Management- Real Estate. The asset strategy was centered on the Company’s knowledge that Apple’s first-ever retail store opening nearby would fundamentally alter the Soho market. The Company successfully executed buyouts of below-market retail tenants and replaced them at more than double the in-place rents. Extensive capital improvement projects, including replacement of the roof, HVAC systems, elevators, and common areas were also completed to reposition the building.