Mass Mutual Acquires Office Building From Principal Real Estate Investors For $160M | 1370 6th Avenue | Joshua (Josh) King, Adam Spies, Adam Doneger | Office | Sale

Summary

Sale

NEW YORK

Office

330,000 sqft

An office building located at 1370 Sixth Avenue in the Midtown market has been sold for $160,000,000. The property spans 330,000 square feet and was acquired by Roger W. Crandall of Mass Mutual from Principal Real Estate Investors. The transaction was facilitated by brokers Adam Doneger, Adam Spies, and Joshua King of Newmark.

Summary of transaction details:

Property Type: Office
Transaction Amount: $160,000,000
Address: 1370 6th Avenue
Market: Midtown
SF: 330,000
Buyer: Roger W. Crandall - Mass Mutual
Seller: Principal Real Estate Investors
Brokers: Adam Doneger, Adam Spies & Joshua King - Newmark

Barings has struck a $160 million deal to purchase the office building at 1370 Sixth Avenue, where its parent company holds the mortgage, from Principal Real Estate Investors.

Players

All
4

Agents
3
Agencies
1

Joshua (Josh) King

Executive Vice Chairman

$10.2B Sold

Adam Spies

Co-Head of U.S. Capital Markets

$30.9B Sold

Adam Doneger

Executive Vice Chairman

$21.5B Sold

Newmark

Details

Deal Summary

SOLD

IMAGE: Adam Doneger, Roger W. Crandall, Adam Spies & Joshua King DATE: 02/26/2024 ADDRESS: 1370 6th Avenue MARKET: Midtown ASSET TYPE: Office BUYER: Roger W. Crandall - Mass Mutual SELLER: Principal Real Estate Investors BROKERS: Adam Doneger (@ADoneger), Adam Spies & Joshua King - Newmark (@Newmark) SALE PRICE: $160,000,000 SF: 330,000 ~ PPSF: $485 NOTE: Barings has struck a $160 million deal to purchase the office building at 1370 Sixth Avenue, where its parent company holds the mortgage, from Principal Real Estate Investors.

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Address1370 6th Avenue

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