Normandy Real Estate Partners and L&L Company completed the acquisition of Terminal Stores from GreenOak Real Estate for $880m.

Normandy Real Estate Partners and L&L Company, a real estate firm, completed the acquisition of Terminal Stores from GreenOak Real Estate for $880m. “The Terminal Stores is a magnificent property that echoes the rich history and authenticity of New York City, while also speaking to the area’s current vibrancy and limitless potential. Normandy and J.P. Morgan are the perfect partners for this West Chelsea redevelopment, where demand for offices, showrooms, event space, eateries and high-end galleries continues to grow," David Levinson, L&L Holding Chairman and CEO.