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114 5th Avenue
SOLD

Columbia Property Trust Acquires 49% Stake In Allianz's 95% Leasehold

114 5th Avenue

Office
3,520,000 SF
clock iconSold 1 year ago
Douglas (Doug) Harmon
Adam Spies
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Summary

Sale
NEW YORK
Office
3,520,000 sqft

The property involved in this transaction is a 49 percent stake in Allianz's leasehold on 114 5th Avenue, located in Manhattan, New York. Allianz purchased this leasehold two years ago for $209 million, and it has now been valued at $220 million. The property is an office building with a total square footage of 352,000.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: 49 percent stake
  • Address: 114 5th Avenue
  • City: New York
  • Market: Manhattan
  • SF: 352,000

Columbia Property Trust has acquired the 49 percent stake in Allianz's leasehold. The seller, Allianz RE of America, agreed to this transaction. The broker involved in the deal was @CUSHWAKE, represented by Doug Harmon.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Douglas (Doug) Harmon's profile picture
Douglas (Doug) Harmon
Newmark-image
Co-Head of U.S. Capital Markets
$22.4B Sold
Adam Spies's profile picture
Adam Spies
Newmark-image
Co-Head of U.S. Capital Markets
$30.9B Sold

Details

Deal Summary
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SOLD
IMAGE: 08/17/2017 ADDRESS: 114 5th Avenue – 49 Percent Stake in Allianz’s 95% leasehold they purchased 2 years ago for 209M. The property has been valued at 220M. CITY: New York MARKET: Manhattan ASSET TYPE: Office SF: 352,000 SELLER: Allianz RE of America BUYER: Columbia Property Trust , BROKER: @CUSHWAKE – Doug Harmon & […]

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Address114 5th Avenue

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