Fred Siegel And Jeff Brown Of Beacon Capital Partners Buy Office In Midtown Manhattan For $571.1M

The property involved in this transaction is an office asset located at 1177 Sixth Avenue in Midtown Manhattan. The sale price for this property was $571,100,000, encompassing a total square footage of 1,030,000. This equates to a price per square foot of $554.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $571,100,000
• Address: 1177 Sixth Avenue
• Market: Midtown Manhattan
• Square Footage: 1,030,000
• Price per Square Foot: $554
• Buyer: Fred Siegel & Jeff Brown - Beacon Capital Partners; John McCarthy - Norges Bank
• Seller: Larry Silverstein - Silverstein Properties
• Seller's Representative: Gary Phillips, Will Silverman & Alana Bassen - Eastdil Secured

The individuals involved in this transaction include the buyers Fred Siegel and Jeff Brown representing Beacon Capital Partners, alongside John McCarthy from Norges Bank. The seller, Larry Silverstein, is associated with Silverstein Properties. The seller's representation was provided by Gary Phillips, Will Silverman, and Alana Bassen, all affiliated with Eastdil Secured.