This is the latest prominent city centre building snapped up by York property company North Star.
It has bought 48 Coney Street, which is now home to TK Maxx.
The company says it is now ‘looking at options for areas of the building that are currently under-utilised’.
The 32,000 sq ft building has been a TK Maxx store since 2010 and was previously a Boots shop.
TK Maxx has five years left to run on its lease, with break options.
A North Star spokesperson said: “This acquisition underlines our commitment and enthusiasm for York and heralds another major investment in the city.
“York is a tremendous place to live, work and invest and we will continue to back and support it wherever we can.
“The future of the city is very exciting with some really positive plans for Coney Street and the wider area.”
This is the latest high profile acquisition by North Star. Others include:
- a new hotel on Micklegate
- offices and a new music venue on Toft Green
- homes on the reclaimed gasworks site
- student accommodation on the Mecca Bingo site, with Grantside
- the reopened Kuda nightclub, with Grantside
- and, again with Grantside, plans to turn the former New Look into an attraction or restaurant.
Clarion acted as legal adviser for North Star in the 48 Coney Street acquisition.