Williams Equities Acquires Office Building At 470 Park Avenue South For $147.5 Million

The asset involved in this transaction is an office property located at 470 Park Avenue South in the Midtown South market. The sale price for the property was $147,500,000, encompassing a total square footage of 299,888, resulting in a price per square foot of $491.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $147,500,000
• Address: 470 Park Avenue South
• Market: Midtown South
• Square Footage: 299,888
• Price per Square Foot: $491
• Buyer: Williams Equities
• Seller: PGIM & SJP
• Representatives: Will Silverman, Gary Phillips, Jeff Organisciak & Alana Bassen - Eastdil Secured

The key individuals and companies involved in this transaction were Williams Equities as the buyer, and PGIM & SJP as the sellers. The transaction was represented by brokers Will Silverman, Gary Phillips, Jeff Organisciak, and Alana Bassen from Eastdil Secured.