Related Acquires Office Property On Madison Avenue For $633M

The office building located at 625 Madison Avenue in the Plaza District has been sold for $633,000,000. The property spans 583,000 square feet, resulting in a price per square foot of $1,086. The transaction took place on December 4, 2023.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $633,000,000
• Address: 625 Madison Avenue
• Market: Plaza District
• Buyer: Related
• Seller: SL Green Winthrop
• Brokers: Adam Doneger, Adam Spies, Douglas (Doug) Harmon & Willis Robbins - Newmark
• Square Footage: 583,000
• Price per Square Foot: $1,086

The sale of the office building at 625 Madison Avenue was facilitated by the brokers Adam Doneger, Adam Spies, Douglas (Doug) Harmon, and Willis Robbins of Newmark, representing the buyer and the seller. The deal marks a significant transaction in the Plaza District, highlighting the continued interest in the area's office assets.