Brookfield Properties Acquires Office, Retail, Parking Property In Midtown For $275M

55 W 46th St, Manhattan, New York, NY, USA

$275,000,000

$11,458/SF

Building Size

24,000 SF

Asset Type

Mixed-use

Closing

Feb 15, 2021

AI

Brookfield Properties has acquired a property located at 55 W. 46th St. in Midtown. The asset comprises of office, retail, and parking spaces. The transaction was completed on February 16, 2021. The purchase price for the property was $275,000,000, with Brookfield Properties showing an interest of 25%.

Summary of transation details

Property Type: Office, Retail, Parking
Transaction Amount: $275,000,000
Date: 02/16/2021
Address: 55 W. 46th St.
Market: Midtown

The deal is said to have been facilitated by Hodges Ward Elliott, with Paul Gillen, Anthony Ledesma, and Kyle van Buitenen representing the brokerage firm. The sale was executed by SL Green Realty to Brookfield Properties. Skidmore, Owings & Merrill served as the architect for the project, while Extell acted as the developer.

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