Shimizu Acquires Office Building In Midtown East For $147M

The property involved in the transaction is an office located at 305 E 46th Street in Midtown East. The seller, Vanbarton Group, sold the property to the buyer, Shimizu, for a sale price of $147,000,000. The office has a total square footage of 187,000, resulting in a price per square foot of $786.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $147,000,000
• Square Footage: 187,000
• Price per Square Foot: $786
• Address: 305 E 46th Street
• Market: Midtown East

The deal involved several individuals and companies. The seller, Vanbarton Group, was represented by brokers Gary Phillips, Will Silverman, Steve Binswanger, and Bruer Kershner. The buyer, Shimizu, had their own representative in the deal.