Blackstone Acquires 49% Stake In One Manhattan West Office For $2.85B | One Manhattan West | Douglas (Doug) Harmon, Adam Spies, Adam Doneger | Office | Sale

Summary

Sale

NEW YORK

Office

2,077,557 sqft

Blackstone has acquired a 49% stake in One Manhattan West, an office property located in Midtown West. The transaction, which took place in December 2021, involved the sale of the stake by Brookfield Asset Management. The total value of the deal amounted to $2,850,000,000.

Summary of transation details

Property Type: Office
Transaction Amount: $2,850,000,000
Address: One Manhattan West
Market: Midtown West
Asset Size: 2,077,557 square feet

The buyer in the deal was Blackstone, while the seller was Brookfield Asset Management. Cushman & Wakefield served as the broker for the transaction.

Players

All
4

Agents
3
Agencies
1

Douglas (Doug) Harmon

Co-Head of U.S. Capital Markets

$22.4B Sold

Adam Spies

Co-Head of U.S. Capital Markets

$30.9B Sold

Adam Doneger

Executive Vice Chairman

$21.5B Sold

Newmark

Details

Deal Summary

SOLD

IMAGE: - 49% INTEREST IMAGE: Jon Gray, Kenneth Kaplan, Stephen Schwarzman, Kathleen McCarthy, Bruce Flatt & Brian Kingston DATE: 12/2021 ADDRESS: One Manhattan West MARKET: Midtown West ASSET TYPE: Office ~ SF: 2,077,557 BUYER: Blackstone SELLER: Brookfield Asset Management BROKER: Cushman & Wakefield TOTAL VALUE: $2,850,000,000 STAKE SOLD: 49%

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AddressOne Manhattan West

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