Haddad Brands Purchases 2 Park Avenue Office Building From Morgan Stanley For $360M

The property asset involved in this transaction is a 28-story office building located at 2 Park Avenue in the Murray Hill market. The building is set to change ownership from Morgan Stanley to Haddad Brands for a transaction amount of $360 million, reflecting a price of $360 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $360,000,000
• Buyer: Sam Haddad - Haddad Brands
• Seller: Ted Pick - Morgan Stanley
• Brokers: Adam Doneger, Adam Spies, Douglas Harmon, Joshua King, Marcella Fasulo & Willis Robbins - Newmark
• Expected Closing: By end of year

This transaction features key individuals such as Sam Haddad, representing Haddad Brands, a children’s clothing manufacturer, and Ted Pick, representing Morgan Stanley. The brokers on this deal include Adam Doneger, Adam Spies, Douglas Harmon, Joshua King, Marcella Fasulo, and Willis Robbins, all of whom are affiliated with Newmark.