Ken Xie Of Fortinet Purchases Office Building In Chelsea For $50 Million From Atlas Capital Group

The property asset involved in this transaction is a four-story office building located at 548 West 22nd Street in Chelsea. It has a total square footage of 38,100 and is being sold for approximately $50 million, which translates to a price per square foot of $1,312.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $50,000,000
• Address: 548 West 22nd Street
• Market: Chelsea
• Square Footage: 38,100
• Price Per Square Foot: $1,312
• Buyer: Ken Xie - Fortinet
• Seller: Jeffrey A. Goldberger & Andrew B. Cohen - Atlas Capital Group
• Broker: Ryan Serhant - Serhant

Ken Xie, representing Fortinet, is the buyer of the property, while the sellers, Jeffrey A. Goldberger and Andrew B. Cohen, are affiliated with Atlas Capital Group. Ryan Serhant from Serhant acted as the broker in this transaction.