Employee Benefit Funds Group Acquires Office And Retail Spaces In Flatiron For $70M

The property involved in this transaction is located at 636 6th Avenue in the Flatiron market. This asset encompasses both office and retail spaces and was sold for a total of $70,000,000.

Summary of transaction details:

• Property Type: Office and Retail
• Transaction Amount: $70,000,000
• Address: 636 6th Avenue
• Market: Flatiron
• Seller: Clarion Partners, Nuveen Real Estate & Union Investment
• Brokers: Daniel Kaplan, Doug Middleton, Jack Stillwagon & Justin Arzi - CBRE

The transaction involved the Employee Benefit Funds group of Hotel and Gaming Trades Council and the Hotel Association of New York City as the buyers. The sellers, Nuveen Real Estate, Union Investment, and Clarion Partners, successfully completed the sale of the respective retail and office spaces at the specified address.