Renovations at 1370 Broadway

The Florida Retirement System Pension Plan is in contract to acquire 1370 Broadway from Normandy Real Estate Partners for $186 million in cash, a source familiar with the deal confirmed with Commercial Observer. The sale went to contract in February and is expected to close within weeks.

The seller acquired the Midtown property in 2012 for $123 million and promptly hired architects MKDA to spearhead renovations, including a new glass entry, new revolving doors and new elevator cabs …

(Read more from the Commercial Observer)