Sioni Group Acquires Midtown Manhattan Office From Amancio Ortega For $50M

The asset involved in this transaction is an office property located at 366 Madison Avenue in Midtown Manhattan. The sale price was $50,000,000, with a square footage of 102,142 and a price per square foot of $489.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $50,000,000
• Address: 366 Madison Avenue
• Market: Midtown Manhattan
• Square Footage: 102,142
• Price Per Square Foot: $489
• Buyer: Sioni Group
• Seller: Amancio Ortega - Pontegadea
• Seller's Representative: Will Silverman, Gary Phillips, Jeff Organisciak & Carly Shoulberg - Eastdil Secured

The individuals involved in this transaction include the buyer Sioni Group and the seller Amancio Ortega, representing Pontegadea. The seller's representatives from Eastdil Secured are Will Silverman, Gary Phillips, Jeff Organisciak, and Carly Shoulberg, who facilitated the deal.