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Thor leads $595M deal for 530 Fifth Ave.

The imminent $595 million sale of 530 Fifth Ave. marks the latest milestone in the avenue’s upward trajectory south of 49th Street.

As first reported Thursday on nypost.com, a partnership led by Joseph Sitt’s Thor Equities has a “hard” contract to buy the building between 44th and 45th streets from Norman Sturner’s Murray Hill Properties, Jamestown, Rockwood and the Chera family’s Crown Acquisitions.

General Growth Properties and Scott Rechler’s RXR Realty are investors in the prospective purchase with Thor. The sellers had bought the property just two years ago from Joseph Moinian and Joseph Chetrit for $390 million.

The 1956 vintage address is part of the fast-evolving Fifth Avenue scene between 42nd Street and the historic start of its most glam stretch beginning with Saks Fifth Avenue at 49th Street.

New investment is rampant and schlocky discount stores are giving way to classier ones. Sturner and his partners pumped $20 million worth of upgrades — including a new lobby, elevators and systems — into 530 Fifth, which has 400,000 square feet of office space and 100,000 square feet of retail.

The new owners are expected to ask $1,500 a square foot for the storefronts — a figure rivaling prices farther up the avenue. The office space, about 60 percent occupied, has an asking rent of around $80 a square foot, sources said.

The purchasers’ plans for the building weren’t immediately known. But it’s likely that Thor, one of the city’s leading retail landlords, and GGP, one of the nation’s largest shopping mall owners, would concentrate on the stores.

RXR is expected to handle 530 Fifth’s office floors.