SOLD
RFR Holdings & Penske Media Acquire Office Building In New York For $290M
475 5th Avenue
Office
280,000 SF
280,000 SF
Summary
Sale
NEW YORK
Office
280,000 sqft
RFR Holdings and Penske Media Corporation have acquired an office property located at 475 5th Ave. in New York. The property, measuring 280,000 square feet, was sold by Nuveen for a total transaction amount of $290,000,000. The per square foot price of the transaction was $1,035.
Summary of transation details
- Property Type: Office
- Transaction Amount: $290,000,000
- Address: 475 5th Ave., New York
- Market: New York
The deal was facilitated by CBRE's brokers Doug Middleton, Alana Bassen, and Darcy Stacom, who represented both the buyer and the seller in the transaction.
It is worth noting that Doug Middleton, Alana Bassen, and Darcy Stacom are part of the CBRE agency.
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All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Doug Middleton, Darcy Stacom, Alana Bassen, Aby Rosen & Jay Penske
DATE: 05/19/2022
ADDRESS: 475 5th Ave.
MARKET: New York
ASSET TYPE: Office
BUYER: RFR Holdings & Penske Media Corporation
SELLER: Nuveen (@NuveenInv)
BROKERS: Doug Middleton, Alana Bassen (@AlanaBassen) & Darcy Stacom - CBRE (@CBRE)
SALE PRICE: $290,000,000
SF: 280,000 ~ PPSF: $1,035View on map
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Address475 5th Avenue
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