Luxottica U.S. Holding Corp., the U.S. subsidiary of the Italian conglomerate that owns eyewear brands such as Sunglass Hut, Ray-Ban, Oakley and Lenscrafters, has snagged an office and retail building just off Fifth Avenue for $73 million.

The building, at 1 West 37th Street last traded for just $25.5 million in 2013 to an Argentinian partnership represented by boutique brokerage and consultancy firm Hogg Holdings.

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Source: http://therealdeal.com/