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Vornado's JV Sells 512 West 22nd Street Property for $205M
ZACKSยท 2025-08-18 18:16
Key Takeaways Vornado's 55% JV sold a 173,000 sq. ft. office building, 512 West 22nd Street, for $205M.After mortgage loan repayment and expenses, VNO's share of net proceeds from the sale is nearly $38M.VNO anticipates an $11M gain from this deal in Q3 2025, following a major JV sale earlier this year.Vornado Realty Trust (VNO) recently announced that its 55%-owned joint venture (JV) sold 512 West 22nd Street, a 173,000-square-foot Class A office building, for $205 million.Following the repayment of the $1 ...