Columbia Property Trust Acquires Office Building In New York For $77M

The property involved in the transaction is an office located at 147 Madison Avenue in New York. The office spans an area of 127,000 square feet, with a price per square foot of $606, resulting in a total sale price of $77,000,000. The buyer of the property is Columbia Property Trust, while the seller is Enchante Accessories.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $77,000,000
• Address: 147 Madison Avenue
• Market: New York

Representing the buyer, Columbia Property Trust, are Ike Bibi and Albert Sultan from Kassin Sabbagh Realty. On the seller's side, Brett Siegel and Evan Layne from Newmark serve as the representatives for Enchante Accessories.