In a significant transaction during a sluggish property market, developer Victor Sigouros’s Legion Investment Group, in partnership with EJS Group, has acquired an office building at 5 W. 13th St in Greenwich Village. The purchase price for the property, which had served as the New York City’s Human Resources Administration’s main office for over two decades, totaled $57.5 million. The deal continues to display real estate firm EJS Group’s strategic collaboration with key players in property development. The purchase is backed by private equity firm Maxim Capital Group Inc. This development signifies a notable investment in a year marked by otherwise slow property sales.

Real Estate, Private Equity, Commercial Property,United States, New York

Luxury condo developer scoops up Greenwich Village office building for $57.5M