A grand old building with the grandest of tenants is going into the hands of a New Jersey-based real estate company.
That’s right—a new landlord is soon to rule over the haunts of The Observer, as ABS Partners Real Estate has agreed to sell the 20-story brick building at 915 Broadway to the (hopefully) kind folks at Normandy Real Estate Partners for an as-yet undisclosed price, a source confirmed late Friday.
The deal, which has not yet closed, would add to Normandy’s portfolio one of the crown-jewel properties of the block between 20th Street and 21st Street on Broadway, sitting a stone’s throw from the Flatiron Building, within earshot of the always-buzzing hotspot of Union Square, and just a short trot from the trusty Old Town Bar.
The Observer has been a tenant in the building since 2004, when the paper packed up its bags and moved from a cozy townhouse on the Upper East Side, where the paper first began some 20 years ago
Representatives from both Normandy and ABS declined to comment on the deal.
Real Estate Weekly reported early last month that ABS was looking to sell.