But sources are calling the news premature, indicating that there's a sea of negotiation and paperwork that lies between this report and a done deal. In fact, closing is not in sight for another two months. But the extent of negotiation that remains is a mystery. No one at Paramount or Eastdil Realty, the marketer of the asset, returned phone calls by deadline, and executives at the Moinian Group responded only with a no-comment.
The 41-story building is home to law firm Stroock & Stroock & Lavan and Goldman Sachs. The asset was constructed in 1984.
The Moinian Group boasts a portfolio of some eight million sf of office, industrial, retail and hotel properties around the US, most of it based in Manhattan. Local holdings include Columbus Tower at 1775 Broadway and 900 Eighth Ave. According to the company website, Moinian is also planning or currently building some 1.5 million sf of Manhattan commercial space.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
