Related Group And Vornado Realty Trust Acquire Office Building In Manhattan For $320M

The office building located at 441 Eighth Avenue in Manhattan has been sold in a closed transaction. The property, spanning 588,000 square feet, was sold for a total price of $320,000,000, resulting in a price per square foot of $544. The transaction involved the Empire State Dev Corp as the seller and the @Related_group & @VornadoRealtyTrust as the buyers.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $320,000,000
• Address: 441 Eighth Avenue, New York
• Market: Manhattan
• Square Footage: 588,000
• Price per Square Foot: $544
• Seller: Empire State Dev Corp
• Buyer: @Related_group & @VornadoRealtyTrust

The @Related_group & @VornadoRealtyTrust successfully acquired the office building at 441 Eighth Avenue in Manhattan in this closed transaction. The involvement of the Empire State Dev Corp as the seller indicates their decision to divest this property. The transaction showcases the strong interest of buyers in the Manhattan market for office assets.