Rockrose Development Acquires NoMad Office Building For $275M

11 East 26th Street, New York City, New York 10010, United States

$275,000,000

$1,261/SF

Building Size

217,991 SF

Asset Type

Office

Closing

Dec 23, 2021

AI

The office building located at 11 E. 26th St. in NoMad has been sold for a staggering price of $275,000,000. Spanning over 260,000 square feet, the property was purchased by Rockrose Development, a prominent real estate company. The transaction took place on December 23, 2021, and the buyer was represented by Ted Traum from Marcus & Millichap. Adams & Co., who previously owned the property, acted as the seller in this deal.

Summary of Transaction Details

Property Type: Office
Transaction Amount: $275,000,000
Address: 11 E. 26th St., NoMad
Market: NoMad
Buyer: Rockrose Development - Ted Traum
Seller: Adams & Co.
Buyer's Representative: Eric Michael Anton & Justin Michael Natalizio - Marcus & Millichap
Square Footage: 260,000
Price Per Square Foot: $1,057

Rockrose Development, the buyer in this transaction, has made a significant investment in the NoMad market. They were represented by Eric Michael Anton and Justin Michael Natalizio from Marcus & Millichap. This successful deal indicates the strong demand for office space in the area and highlights the expertise of the involved parties in navigating large-scale transactions.

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