AmTrustRE has completed its $211 million acquisition of 260 Madison Avenue, a 22-story, 570,000-square-foot office building in Midtown Manhattan. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring on behalf of Stacom CRE, with support for market outreach from David Ash of Prince Realty Advisors, exclusively represented the seller, The Sapir Organization.
“Over the past year, AmTrustRE has continued to identify well-located office assets, evaluating high-potential acquisitions in burgeoning and established office markets,” said Jonathan Bennett, president of AmTrustRE. ”As demand for top-tier office space in Midtown and other core New York City districts remains strong, we are strategically expanding our footprint through targeted investments like 260 Madison, enhancing the asset while creating long-term value for tenants and the surrounding neighborhood.”
AmTrustRE’s acquisition of 260 Madison Avenue is the sec
