SoHo just got a hot new spot to ring in St. Patrick’s Day.
The cast-iron building that boasts Bloomingdale’s SoHo store, 504 Broadway, has sold for $53 million to the Irish firm Sloane Capital, led by financier Aidan Brooks, property records show.
Mr. Brooks, wielding the mighty euro in the days of the not-so-mighty dollar, seems to be something of a connoisseur of buildings that hold high-end retail stores. In September, he forked over $275 million to buy Two Rodeo, an upscale Beverly Hills shopping center on Rodeo Drive that’s home to Tiffany & Co. and Versace, among others. In 2005, the Irishman paid about $80 million for the castlelike Rhinelander Mansion at 867 Madison Avenue, home to a Polo Ralph Lauren store.
Bloomingdale’s made headlines when it opened its doors at the approximately 90,000-square-foot store in 2004, reportedly seeing unexpected throngs of shoppers flood into the former Canal Jean Co. location in its first months.
The deed listed the buyer as Sloane Broadway LLC, with Mr. Brooks signing for the property purchased from longtime owner Ira Russack. Requests for comment to both Mr. Russack and Sloane Capital were not returned.
Follow Eliot Brown via RSS.