BDT & MSD Partners Acquire 1540 Broadway Office Condo In Times Square For $237.5 Million

The property asset involved in this transaction is an office space located at 1540 Broadway in the Times Square market of Manhattan. It was sold for a total of $237,500,000, with a total square footage of 713,211 and a price per square foot of $333.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $237,500,000
• Buyer: BDT & MSD Partners
• Seller: EDGE Fund Advisors
• Loan Amount Assumed: $358,000,000
• Loan Holder: Apollo Global Management

Michael Dell’s family office affiliate, BDT & MSD Partners, was instrumental in acquiring control of the office condo at 1540 Broadway, marking a significant investment in the Times Square area.