Commerz Real Acquires Office Building In Murray Hill, Manhattan For $330M

Commerz Real has reached an agreement to acquire an office property in Murray Hill, Manhattan. The property, located at 222 East 41st Street, spans 400,000 square feet and has been sold by Columbia Property Trust for a price of $330,000,000. The transaction signifies a significant investment in the Murray Hill market, with the property being valued at $850 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $330,000,000
• Address: 222 East 41st Street, New York
• Market: Murray Hill, Manhattan
• Seller: Columbia Property Trust (@cxpreit)
• Buyer: Commerz Real – Andreas Muschter

In this deal, Commerz Real, represented by Andreas Muschter, has acquired the office property from Columbia Property Trust. The transaction, currently in the contract stage, highlights the growing interest in Murray Hill's real estate market. The property's location in Manhattan and its size contribute to its desirability, attracting a significant investment from Commerz Real.