Sale Worth: $159.4 million
Extell Growth Co. purchased the 198,347-square-foot workplace constructing in Manhattan’s Lenox Hill neighborhood from Williams Equities, at a sale value of $803.8 per sq. foot. The acquisition was financed with a $150 million consolidated mortgage offered by Tyko Capital. Courting again to 1951 and rising 24 tales, the workplace constructing’s tenant roster contains Knotel, Tisch Monetary Administration Co., Garnet Group Inc. and Trinity Place Holdings Inc., amongst others. Fried Frank represented the vendor and suggested the lender in securing the financing package deal.
Sale Worth: $32.2 million
CIM Group foreclosed on the 70,642-square-foot workplace constructing in Greenwich Village. The vendor was Arch Cos., which defaulted on a virtually $71 million refinancing package deal secured in 2022 and backed by the property. The constructing dates again to 1906, rises 11 tales and had beforehand traded in 2015 for $70 million, when WeWork and its companion acquired it.
Sale Worth: $29.5 million
Charitable group Pearl Basis Inc. bought the 72,700-square-foot workplace asset in Brooklyn’s Gowanus neighborhood from Samson Administration. The seven-story property was in-built 1968 and final upgraded in 2014. The asset beforehand modified palms in 2015, when Samson Administration acquired it for $73 million. For the reason that begin of the 12 months, occupancy on the property has posed points, particularly with long-time tenant Bond Collective leaving and liberating up 50,000 sq. ft, in keeping with The Actual Deal.
Sale Worth: $22.8 million
The 71,180-square-foot constructing within the borough’s Koreatown space traded between Starwood Property Belief and Empire State Equities. Starwood Property Belief purchased again the property by way of its affiliate, LNR Companions, that acted as a mortgage servicer via a foreclosures public sale deal. The vendor defaulted on a $41 million mortgage originated in 2019 after it owned the 1911-built, 12-story asset since 2007.
Sale Worth: $22.8 million
Inbuilt 1987, the 43,307-square-foot workplace constructing modified palms between Tarsat Properties and ASB Actual Property Investments. The Maryland-based vendor owned the property in partnership with George Consolation & Sons since 2015, when it bought the nine-story constructing for $43.8 million. The Flatiron District property contains 4,000 sq. ft of retail area and is at the moment occupied by Concord Companions, Uppercut Edit and Knowledge Courier Methods, amongst others.
—Posted on November 26
