Tony Malkin is continuing his retail buying spree. Malkin’s Empire State Realty Trust is in contract to buy the Scholastic Building in Soho for $386 million, the company announced Tuesday. Scholastic owns the building at 555-557 Broadway and leases the majority of the space, which includes 368,000 square feet of office and 28,000 square feet of retail along Soho’s prime shopping corridor. Malkin said he was attracted to the property for its in-place revenue and the ability to add value by marketing the “three uniquely large floors in a more than 110,000 square feet block.” ESRT expects the all-cash deal […]

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