Partial Fee Interest of 1601 Broadway Fetches $121M

Although full details of the deal were not available, Walber Broadway Co. has sold its portion of the fee interest in 1601 Broadway to SL Green Realty for $121 million. The 46-story commercial building located in Times Square on the corner of West 48th Street is home to the flagship store of donut brand Krispy Kreme, the Crowne Plaza hotel, and 9 floors of office space totally approximately 230,000 square feet.