Benchmark Properties Acquires Office At 198 Madison Avenue From Oxford University Press For $40M

The property asset involved in this transaction is an office located at 198 Madison Avenue in the Midtown South market. It has a sale price of $40,000,000 and comprises a total of 165,000 square feet, resulting in a price per square foot of approximately $242.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $40,000,000
• Buyer: Benchmark Properties
• Seller: Oxford University Press
• Brokers: Drew Isaacson, Clint Olsen, Vickram Jambu & Stephen Godnick - JLL

The key individuals and companies involved in the deal were Benchmark Properties as the buyer and Oxford University Press as the seller. The transaction was represented by the brokerage team of Drew Isaacson, Clint Olsen, Vickram Jambu, and Stephen Godnick from JLL, who facilitated the agreement between the two parties.