Tony Park's MediaWill Inc Acquires Office Buildings In Midtown South, Manhattan For $37M

The property involved in this transaction is an office building located at 110 West 32nd Street & 115 West 31st Street in Midtown South, Manhattan. The office building spans 113,000 square feet with a sale price of $37,000,000, resulting in a price per square foot of $370. The buyer of the property is Tony Park, the CEO of MediaWill Inc, while the seller is Jack Franco. The buyer's representative is Elad Dror, and the seller's representatives are Sophia Gaines and Albert Sultan from KSR.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $37,000,000
• Square Footage: 113,000
• Price per Square Foot: $370
• Buyer: Tony Park - MediaWill Inc
• Seller: Jack Franco
• Buyer's Representative: Elad Dror
• Seller's Representatives: Sophia Gaines and Albert Sultan - KSR

The office building was owner-operated in the retail sector for over 40 years and will be delivered vacant. Tony Park, the buyer, expressed his satisfaction with the acquisition and excitement to execute their business plan, which will benefit the area. MediaWill Inc and Tony Park are also actively seeking additional investment opportunities across various asset classes in Manhattan.