Waterman Interests, a privately-held commercial real estate investment and operating company, has announced the sale of its Midtown West portfolio to Alduwaliya, a Qatari-based real estate investment company.
Waterman Interests and its partner, USAA Real Estate, acquired the portfolio, which consists of 142 West 36th St. and 234 West 39th St., in 2015 and subsequently executed a capital improvement program that completely transformed both assets and brought them to near 100 percent occupancy.
“Since acquiring these assets in 2015, we worked aggressively to execute our business plan and invest the financial and intellectual capital in both buildings to generate value for our partnership and create office buildings and working environments that are now among the best in the Midtown West market,” said Philip Waterman III, f
