Tuesday, 03 May 2011 21:21
Epic LLC, a real estate company that invests in London and New York properties, is acquiring the newly developed Meatpacking District office building 15 Little West 12th Street for more than $70 million, Steven Elghanayan, one of the firm’s principals, has confirmed.
“We love the area and the neighborhood,” said Elghanayan, who operates Epic LLC with his brother Michael Elghanayan. “We think there is a lot of growth possibility here in terms of rents. We’re right across the street from the Standard Hotel. Apple has a store on 14th Street, Sephora is right across the street from our building on West 13th. Google just bought 111 Eighth Avenue nearby for a huge sum. The area is changing.”
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