Columbia Property Trust Sells Office Building On Madison Avenue For $77M

The office property located at 149 Madison Avenue in New York City has been sold for a transaction amount of $77,000,000. Spanning across 128,000 square feet, this asset was purchased at a price per square foot of $602. The seller of the property is Columbia Property Trust, represented by Adam Frazier, while the buyer's representatives from KSR are Albert Sultan and Ike Bibi. The seller was represented by Brett Siegel and Evan Layne from Newmark.

Summary of transation details

• Property Type: Office
• Transaction Amount: $77,000,000
• Address: 149 Madison Avenue
• Market: New York City
• Square Footage: 128,000
• Price per Square Foot: $602

Albert Sultan and Ike Bibi from KSR facilitated the purchase of the office property, while Brett Siegel and Evan Layne from Newmark represented Columbia Property Trust in this transaction.