TPG And Sagehall Partners Acquire Office Asset From Orda Management For $350 Million In Manhattan

The asset involved in this transaction is an office property located at 225 Park Avenue South in the Manhattan market. The sale price for this property was $350,000,000. The total square footage of the asset is 700,000, resulting in a price per square foot of $500.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $350,000,000
• Address: 225 Park Avenue South
• Market: Manhattan
• Square Footage: 700,000
• Price per Square Foot: $500
• Buyer: TPG / Sagehall Partners
• Seller: Orda Management
• Buyer & Seller's Representatives: Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Avery Silverstein & Marcella Fasulo - Newmark

This transaction is representative of the collaboration between the buyer TPG / Sagehall Partners and the seller Orda Management, facilitated by a team of representatives from Newmark, including Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Avery Silverstein, and Marcella Fasulo.