Fulltime Management & Montgomery Street Partners Acquire Development Site From Lexin Capital For $53M

The asset involved in the transaction is a development site located at 75 Nassau Street in Manhattan. The sale price for this asset was $53,000,000, covering a building square footage of 276,300, which results in a price per building square foot of $192.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $53,000,000
• Address: 75 Nassau Street
• Market: Manhattan
• Building Square Footage: 276,300
• Price Per Building Square Foot: $192
• Buyer: Fulltime Management & Montgomery Street Partners
• Seller: Lexin Capital
• Brokers: Ethan Stanton, Andrew Scandalios, Jonathan Hageman & Michael Mazzara - JLL

The transaction involved prominent firms, with Fulltime Management and Montgomery Street Partners acting as the buyers, while Lexin Capital was identified as the seller. The deal was brokered by Ethan Stanton, Andrew Scandalios, Jonathan Hageman, and Michael Mazzara, all representing JLL in this transaction.