Quantum Pacific & Metro Loft Management, LLC Acquires Office Asset From Sage Realty For $55M

The property asset involved in the transaction is an office located at 767 3rd Avenue in the Turtle Bay market. The asset encompasses a total of 327,550 square feet. The equity raise associated with this acquisition amounted to $55,000,000, with Sage Realty as the seller.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $55,000,000
• Address: 767 3rd Avenue
• Market: Turtle Bay
• Asset Size: 327,550 SF
• Buyer: Quantum Pacific & Metro Loft Management, LLC
• Seller: Sage Realty
• Brokers: Eric Michael Anton & Max Herzog - Marcus & Millichap
• Equity Raised: $55,000,000

The Global Capital Group at Marcus & Millichap, along with The NYC Capital Markets of IPA (an affiliate of Marcus & Millichap), facilitated the equity raise for the acquisition of the property. Eric Michael Anton and Max Herzog represented the buyer in this transaction.