A Somerset spokesperson tells GlobeSt.com that they do not comment on rumors or speculation. Deutsche Bank, who is selling the Macklowe property through Eastdil Secured, also did not respond to GlobeSt.com queries. Eastdil Secured's Douglas Harmon did not return GlobeSt.com queries by deadline.
An anonymous industry source tells GlobeSt.com that if a deal makes sense and the potential buyer has sufficient cash, deals will be made. "The buyers will need to be strong, perhaps even able to close all cash," the source says.
Last week, another Macklowe property at 126 E. 56th St., also called Tower 56, was said to be trading to Transwestern Investment Co. LLC, for $160 million, although GlobeSt.com could not get confirmation by deadline.
Macklowe turned over effective control of the 610,000-sf Park Avenue Tower at 65 E. 55th St., the 1.8-million-sf 1301 Avenue of the Americas, the 1.6-million-sf Worldwide Plaza at 825 Eighth Ave., the 225,000-sf 527 Madison Ave., the 950,000-sf 1540 Broadway, the 562,567-sf 850 Third Ave. and the 200,000-sf Tower 56 at 126 E. 56th St. to his lender, Deutsche Bank.
Rent at the 26-floor Madison Avenue building is approximately $125 per sf, according to MrOfficeSpace.com. Office tenants include Sanders Morris Harris Inc., W.P. Stewart & Co. Inc., the Sumitomo Trust & Banking Co. Ltd., and Saudi Petroleum International Inc.
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