Transactions - SEPTEMBER 12, 2019

Blackstone looks to sell Park Ave. Tower for $800m

by Andrea Zander

The Blackstone Group is looking to sell its Park Avenue Tower for more than $800 million, reported The Real Deal.

Blackstone subsidiary EQ Office put the 622,000-square-foot office building at 65 East 55th Street on the market with a team of brokers at Eastdil Secured.

It has invested $120 million in renovations.

Equity Office purchased the 36-story tower in 2014 for $750 million.

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