L&L Banks Huge Profit on Sale of 261 Fifth Ave

June 2005
Home Textiles Today;6/27/2005, Vol. 26 Issue 41, p10
Trade Publication
The article reports that after less than two years of ownership, L&L Acquisition Corp. is selling the 261 Fifth Avenue building for $180 million to a more than 50-years-old real estate company, The Feil Organization. David Levinson, partner, L&L Acquisitions said that the deal is set to close in August or sooner. The Feil Organization has already signed "a firm contract," he added, and submitted a non-refundable deposit. L&L Acquisitions bought the building for $114 million in early 2004. After 295 Fifth Avenue, which is dubbed "The Textile Building," 261 Fifth Avenue is widely considered the second largest hub of home textiles showrooms.


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