CIM Group Acquires Office Building In Manhattan For $520M

The office property located at 1440-1444 Broadway in New York City has been sold for a price of $520,000,000. Spanning an impressive 747,576 square feet, the property was acquired by CIM Group, represented by Shaul Kuba. The seller, NY REIT, was represented by Wendy Silverstein. The transaction was facilitated by Eastdil Secured and CBRE.

Summary of transation details

• Property Type: Office
• Transaction Amount: $520,000,000
• Address: 1440-1444 Broadway, New York City
• Market: Manhattan
• Square Footage: 747,576
• Price per Square Foot: $695

The deal involved key individuals and companies, with Shaul Kuba representing CIM Group as the buyer and Wendy Silverstein representing NY REIT as the seller. Eastdil Secured and CBRE played pivotal roles as the brokers in this transaction.