Blackstone Real Estate has acquired a 49 percent stake in One Manhattan West from Brookfield and Qatar Investment Authority (QIA).
The deal values the office building at $2.85 billion. The 67-story, 2.1 million-square-foot building is part of Manhattan West, Brookfield and QIA’s eight-acre, 7 million-square-foot commercial complex on Manhattan’s west side.
“The partial sale of One Manhattan West and the interest we received as soon as we put it on the market are clear validations that the highest quality office properties are seeing enormous demand coming out of the pandemic,” said Ben Brown, Brookfield managing partner. “One Manhattan West is home to some of the world’s leading companies, and their continued desire to work from and grow in the building is a promising sign for Manhattan West and prime, well-located office assets broadly.”
Qahir Madhany, managing director at Blackstone Real Estate, said, “One Manhattan West is a brand-new, best-in
