Rockrose Development Acquires NoMad Office Building For $275M

The office building located at 11 E. 26th St. in NoMad has been sold for a staggering price of $275,000,000. Spanning over 260,000 square feet, the property was purchased by Rockrose Development, a prominent real estate company. The transaction took place on December 23, 2021, and the buyer was represented by Ted Traum from Marcus & Millichap. Adams & Co., who previously owned the property, acted as the seller in this deal.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $275,000,000
• Address: 11 E. 26th St., NoMad
• Market: NoMad
• Buyer: Rockrose Development - Ted Traum
• Seller: Adams & Co.
• Buyer's Representative: Eric Michael Anton & Justin Michael Natalizio - Marcus & Millichap
• Square Footage: 260,000
• Price Per Square Foot: $1,057

Rockrose Development, the buyer in this transaction, has made a significant investment in the NoMad market. They were represented by Eric Michael Anton and Justin Michael Natalizio from Marcus & Millichap. This successful deal indicates the strong demand for office space in the area and highlights the expertise of the involved parties in navigating large-scale transactions.