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Minskoff Equities’ 1166 Ave. of the Americas Scores Preferred Equity Investment

Meadow Partners, GreenBarn Investment Group and RXR have made a $36-million preferred equity investment in 1166 Ave. of the Americas in Midtown Manhattan. Owned by an affiliate of Edward J. Minskoff Equities (EJME), 1166 Ave. of the Americas is a 561,000-square-foot Class A office condominium located along the Bryant Park corridor.

EJME has achieved considerable success leasing to tenants such as FTI Consulting, William Blair, Janney Montgomery Scott, Continental Casualty Insurance, and Axis Insurance. With recent leases to the FDIC and Epiq Systems, 1166 Ave. of the Americas is 98% leased.

“As demand for high-quality office space in Midtown remains strong, and leasing activity in the area outperforms broader Manhattan averages, we believe 1166 Ave. of the Americas presents an attractive opportunity for Meadow to work with our longstanding borrower relationships to the benefit of our investors,” said Jeffrey Kaplan, managing partner of Meadow.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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