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Politics

Catsimatidis to Sell Offices for $55M

NEW YORK – Greek-American self-made billionaire John Catsimatidis, whose enterprises include the Gristedes chain of supermarkets, reportedly has agreed to sell his corporate headquarters at 823 11th Avenue, on the corner of 56th Street in Midtown Manhattan for approximately $55 million, the New York Daily News reported.

Catsimatidis is expected to relocate his corporate offices to another of his buildings, likely the one at 1790 Broadway, near Columbus Circle, the News reported.

The buyer of Catsimatidis’ 11th Avenue property is the Indian real estate development company Sumaida & Khurana, who likely will build a hotel or condominium tower on the site, the News reported.

 

 

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