Updated On 05/28/08 at 05:15PM
Rockefeller Group buys two Times Square properties
157 West 47th Street
By Adam Pincus
The Rockefeller Group Development Corp. bought two Times Square area commercial buildings for a combined $84 million, according to property records posted today.
The company purchased the Quality Hotel Times Square at 157 West 47th Street from Manhattan-based Hampshire Hotels and Resorts for $75 million on April 30. The 60,000-square-foot building was built in 1906.
It also bought the four-story 160 West 48th Street from Wolf Realty Associates of Bay Terrace for $13.9 million on May 20. The 5,000-square-foot building, built in 1929, is zoned for a maximum build-out of 23,898 square feet.
The lots of the two properties share a common border in the center of the block.
The Rockefeller Group built Rockefeller Center and develops and manages properties in the United States and China.
© 2008 The Real Deal