TZ Capital Acquires Retail Space On Madison Ave For $180M

Located at 680 Madison Avenue in Upper East Side, this retail property has been sold in a recent transaction for $180,000,000. Spanning across 34,000 square feet, the property was acquired by TZ Capital, represented by Sam Zuckert & Tyler Tananbaum, from the seller Thor Equities. The deal was facilitated by brokers Christopher Peck, Aaron Niedermayer, David Giancola, Andrew Scandalios, and Jennifer Zelko from JLL.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $180,000,000
• Buyer: TZ Capital - Sam Zuckert & Tyler Tananbaum
• Seller: Thor Equities
• Brokers: Christopher Peck, Aaron Niedermayer, David Giancola, Andrew Scandalios & Jennifer Zelko - JLL
• Address: 680 Madison Avenue
• Market: Upper East Side
• Square Footage: 34,000
• Price per Square Foot: $5,294

TZ Capital expressed their excitement upon the completion of the transaction and conveyed their intention to pursue additional high-street retail and boutique office acquisitions in Manhattan and Florida. This strategic move signifies their interest in expanding their real estate portfolio within prime locations.