Bill Ackman And Neri Oxman Acquire Life Sciences Asset At 125 West End Avenue For $188M

125 West End Avenue, located in the Upper West Side, is a life sciences asset that has recently been sold for $188,000,000. The property spans 400,000 square feet, resulting in a price per square foot of $470.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $188,000,000
• Buyer: Bill Ackman & Neri Oxman - Pershing Square Foundation
• Seller: Charles R. Bendit - Taconic Partners
• Market: Upper West Side
• Square Footage: 400,000
• Price per Square Foot: $470

Bill Ackman’s Pershing Square Foundation intends to develop a $260 million brain research institute in collaboration with Mount Sinai, with future plans that may lead to expansion up to 700,000 square feet through an additional property acquisition in the vicinity.