Meridian Capital Group Facilitates $318 Million Recapitalization Of Office Asset At 650 Fifth Avenue

The property asset involved in the transaction is an office located at 650 Fifth Avenue in the Plaza District. The sale price for this asset was $318,000,000, representing 40% of the transaction. The total square footage of the property is 373,476 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $318,000,000
• Address: 650 Fifth Avenue
• Market: Plaza District
• Square Footage: 373,476
• Brokers: Helen Hwang, Brian Szczapa & Ian Shoenfeld - Meridian Capital Group

The transaction involved key brokers Helen Hwang, Brian Szczapa, and Ian Shoenfeld, who represented the deal through Meridian Capital Group, facilitating the closure of this significant office property transaction.