Publications

Transactions - FEBRUARY 10, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Jamestown in talks to invest in $1.2b portfolio

by Andrea Waitrovich

Jamestown Properties has acquired a 49 percent joint venture stake in the ownership of two Manhattan office properties from George Comfort & Sons and Loeb Partners Realty. Real Capital Analytics lists the properties valued at $1.15 billion.

The deal involves the purchase of 49 percent stakes in two Manhattan office buildings located less than a mile apart — 200 Madison Ave. and 63 Madison Ave. — for more than $563 million. The portfolio consists of more than 1.5 million square feet.

63 Madison Ave. is a 15-story, 870,000-square-foot office building that is fully occupied by notable tenants including New York Life and CBS. And 200 Madison Ave. is a class A, 26-story, 750,000-square-foot office building which is 99 percent leased to 20 tenants including Philips-Van Heusen, Roche BoBois, and Greater New York Mutual Insurance. 

Under the new partnership agreement, George Comfort & Sons, Inc. and Loeb Partners Realty, will together

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy