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Macquarie Completes Buy of SoHo “Jewel Box” for Reported $130M
Macquarie Asset Management (MAM) completed the purchase of 375 West Broadway, a 76,605-square-foot, mixed-use building in Manhattan’s SoHo neighborhood. The purchase for a reported $130 million was made on behalf of a new U.S. separate account mandate.
Block, a financial services payments tech firm formerly known as Square, occupies four office floors of the circa-1863 “jewel box” building. Gucci occupies the ground-floor retail space.
“New York City is a global hub for innovation and Soho’s unique culture draws both leading technology firms and high-end retailers alike. We are very pleased to add another great property to our New York portfolio with the purchase of 375 West Broadway,” said Christopher Quiett, head of MAM’s U.S. core/core-plus real estate team.
The sellers, institutional investors advised by J.P. Morgan Global Alternatives, were represented by a JLL Capital Markets investment sales team including Andrew Scandalios, David Giancola, Alexander Riguardi, Jennifer Zelko and Madison Warwick.
- ◦Sale/Acquisition
