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Rockrose Development Acquires NoMad Office Building For $275M

11 East 26th Street
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This Office property located in NY was sold for $275,000,000 over 2 years ago. The broker of the deal was Justin Michael Natalizio

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.

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Deals
  • Location
    11 East 26th Street, New York City, New York 10010, United States11 East 26th Street, New York City, New York 10010, United States
  • Sale Price
    $275,000,000$275,000,000
    $575 PPSF$575 PPSF
  • Area
    477,991 SF477,991 SF
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Justin Michael Natalizio

Justin Michael Natalizio

Deals11
Financed$438.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deutsche Bank

Deutsche Bank

Lender
Deals117
Volume$ 2.7T

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Deal Summary

SALE IMAGE: Eric Michael Anton & Justin Michael Natalizio DATE: 12/23/2021 ADDRESS: 11 E. 26th St. MARKET: NoMad ASSET TYPE: Office BUYER: Rockrose Development - Ted Traum SELLER: Adams & Co. BUYER’S REP: Eric Michael Anton & Justin Michael Natalizio (@Sir_Natalizio) - Marcus & Millichap SALE PRICE: $275,000,000 SF: 260,000 ~ PPSF: $1,057

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11 East 26th Street

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