Danny Queenan Of Trammell Crow Company Acquires Ground Lease From Laurence Gluck And Carolwood For $14.7M

The property involved in this transaction is a development site located at 126 Lafayette Street in SoHo, Manhattan. The sale price for the ground lease was $14,700,000, encompassing 18,705 square feet, which equates to a price per square foot of $786.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $14,700,000
• Address: 126 Lafayette Street
• Market: SoHo, Manhattan
• Buyer: Danny Queenan - Trammell Crow Company
• Seller: Laurence Gluck - Stellar Management & Carolwood

Danny Queenan, representing Trammell Crow Company, engaged in the acquisition of the ground lease from sellers Laurence Gluck of Stellar Management and Carolwood, indicating a strategic move for a planned ground-up development.