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Times Square Office/Retail Duo Sells to Partnership
Cushman & Wakefield arranged the sale of two Midtown Manhattan office and retail buildings totaling 144,251 square feet, 303 W. 42nd St. and 300 W. 43rd St., collectively known as Times Square West. The final sale price was $48,018,000.
Cushman & Wakefield’s Andrew Berry and Charlie Gravina represented the sellers, 303 West 42nd Street Realty LLC and 300 West 43rd Street Property Owner LL. The buyers were Blake Partners, JAM Real Estate Partners and The Straus Group.
“The recent renovations have transformed Times Square West into a premier destination for both office and retail tenants,” said Berry. “The fully occupied retail space, anchored by Chick-fil-A, provides a stable income stream, while the vacant office space offers significant lease-up potential as New York’s office market continues its recovery.”
A Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil and Zachary Kraft advised the purchasers on debt assumption and restructuring.
- ◦Sale/Acquisition
