Sovereign Partners Acquires Office At 2 Grand Central Tower In Manhattan For $273 Million

The property asset involved in this transaction is located at 2 Grand Central Tower in Manhattan. This office asset was sold for $273,000,000, encompassing a total square footage of 667,379. The price per square foot for this transaction is $409.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $273,000,000
• Buyer: Sovereign Partners
• Seller: Rockwood
• Seller's Representative: Gary Phillips, Will Silverman, Jeff Organisciak, Carly Shoulberg & Alana Bassen - Eastdil Secured
• Market: Manhattan
• Square Footage: 667,379
• Price per Square Foot: $409

This transaction was notably represented by a team of brokers from Eastdil Secured, including Gary Phillips, Will Silverman, Jeff Organisciak, Carly Shoulberg, and Alana Bassen, who facilitated the deal between Sovereign Partners and Rockwood.