O'Connor Capital acquires 150 and 151 Worth Avenue

O'Connor Capital Partners arranged the acquisition of 150 and 151 Worth Ave., a 142,000 s/f shopping center. O'Connor made the acquisition on behalf of an institutional client. The center, which was originally developed in phases by The Goodman Company from 1978 to 2001, is anchored by Saks Fifth Ave. and Neiman Marcus. It is also home to a select group of luxury retailers that includes Gucci, Louis Vuitton, Tory Burch, and Pucci as well as several other notable national and local tenants. "We are delighted to have participated in the acquisition of this truly unique asset located on one of the most prestigious and desirable avenues in the world," said Bill O'Connor, president & COO of O'Connor Capital Partners. Glenn Rufrano, chairman & CEO of O'Connor said, "The acquisition of 150 and 151 Worth Ave. is an exemplary transaction for us as it demonstrates O'Connor's strategic focus on acquiring high performing retail centers in the United States and Mexico." 150 and 151 Worth Ave. will be managed by O'Connor with continuing involvement by Goodman. O'Connor currently manages in excess of 14 million s/f of retail assets throughout the United States and Mexico.