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Broad Street Development Acquires 370 Lexington Avenue In Manhattan For $190M

Property Image
SOLD
$190,000,000
Kevin Donner
Joshua King
Douglas (Doug) Harmon
+ 2

New York

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Office311,000 SF
Sold 12/18/2018
the dealplayerscompscontact
Property Image
SOLD

Broad Street Development Acquires 370 Lexington Avenue In Manhattan For $190M

370 Lexington Avenue, Manhattan, New York, NY, USA

See Similar Deals
Office311,000 SF
Sold 12/18/2018
Kevin Donner
Joshua King
Douglas (Doug) Harmon
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$610
Total Square Footage:311,000 SF
Transaction Type:Sale

A property located at 370 Lexington Avenue in Manhattan has been sold for a price of $190,000,000. The transaction took place on 12/18/2018 and involved Broad Street Development as the buyer and Unizo Holdings as the seller. The property has a total square footage of 311,000.

Summary of transaction details

  • Property Type: Sale
  • Transaction Amount: $190,000,000
  • Date: 12/18/2018
  • Address: 370 Lexington Avenue
  • Market: Manhattan
  • Seller: Unizo Holdings
  • Buyer: Broad Street Development
  • Square Footage: 311,000

The sale of the property was facilitated by brokers Doug Harmon, Adam Spies, Adam Doneger, Kevin Donner, and Josh King from CushWake. They represented the interests of both the buyer, Broad Street Development, and the seller, Unizo Holdings.

A loan in the amount of $101,000,000 was obtained from Invesco Real Estate for this transaction.

Players

Adam Doneger
Newmark
Adam Doneger
189 deals$50B volume(516) 317-7837
BROKER
Adam Spies
Newmark
Adam Spies
260 deals$71.4B volume(212) 841-7500
BROKER
Douglas (Doug) Harmon
Newmark
Douglas Harmon
128 deals$47.3B volume
BROKER
Joshua King
Newmark
Joshua King
114 deals$32.5B volume(212) 850-5427
BROKER
Kevin Donner
Newmark
Kevin Donner
48 deals$10.1B volume
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
Broad Street Development
Broad Street Development
BUYER
UH
Unizo Holdings
SELLER
Invesco Real Estate
Invesco Real Estate
LENDER

Details

SOLD
IMAGE: IMAGE: Raymond Chalmè and Martin Flanagan SALE PRICE: Raymond Chalmè and Doug Harmon DATE: 12/18/2018 ADDRESS: 370 Lexington Avenue MARKET: Manhattan LENDER: Invesco Real Estate LANDLORD/BUYER: Broad Street Development SELLER: Unizo Holdings BROKERS: Doug Harmon, Adam Spies, Adam Doneger, Kevin Donner & Josh King @cushwake SALE PRICE: $190,000,000 LOAN AMOUNT: $101,000,000 SF: 311,000

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