Ken Xie Of Fortinet Acquires Office Building In Chelsea For $50.5M From Atlas Capital Group

The asset involved in this transaction is an office property located at 548 West 22nd Street in the Chelsea market, consisting of 38,100 square feet. The property was sold for a total price of $50,500,000, translating to a price per square foot of $1,325.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $50,500,000
• Square Footage: 38,100
• Address: 548 West 22nd Street
• Market: Chelsea
• Buyer: Ken Xie - Fortinet
• Seller: Jeffrey A. Goldberger, Andrew B. Cohen - Atlas Capital Group
• Brokers: Bernadette Brennan, Ariel Sassoon & Ryan Serhant - Serhant

The transaction involved key individuals, including Ken Xie representing Fortinet as the buyer, with Jeffrey A. Goldberger and Andrew B. Cohen acting on behalf of the seller, Atlas Capital Group. The deal was facilitated by brokers Bernadette Brennan, Ariel Sassoon, and Ryan Serhant from the agency Serhant.