Equity One Announces $55M Manhattan Property Acquisition

Equity One, Inc. EQY announced today the acquisition of a fee interest in a retail condominium located at 161 West 16th Street in Manhattan for $55 million. The property, which is unencumbered, consists of 56,870 square feet and includes almost the entire frontage on the east side of Seventh Avenue between West 16th and West 17th Street. Loehmann's currently occupies the entire space pursuant to a lease which expires in March 2016. Prior to Loehmann's tenancy, the space was occupied by the original Barneys New York store.