Business > Commercial Real Estate

Thor Equities loses 545 Madison Avenue

9 monthes ago   |   By The Real Deal New York

Joe Sitt has officially left the building. Sitt's Thor Equities was evicted from its ground lease at 545 Madison Avenue earlier this week, Crain's reported. Marx Realty, owner of the land underneath the building, is now assuming control of the 140,000- square-foot building and planning to conduct a $10 million renovation. Marx president and CEO Craig Deitelzweig said he expects the office and retail space to be full leased by 2021. Marx has been trying
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