John Gore Organization Acquires Billboard Rights At 1619 Broadway From Mack Real Estate Group For $12.2M

A billboard and exterior signage rights transaction took place at 1619 Broadway in the Times Square market. The sale price for the asset was $12,200,000.

Summary of transaction details:

• Property Type: Billboard
• Transaction Amount: $12,200,000
• Buyer: John Gore - The John Gore Organization
• Seller: Richard Mack - Mack Real Estate Group

The John Gore Organization acquired the rights atop the historic Brill Building, representing a significant investment given the recent transaction involving an entire floor in the same property, which sold for $6.8 million.