Two Grand Central Tower |
The purchase of the 23-story building, spanning from 55th to 56th streets between Avenue of the Americas and Seventh Avenue, is part of a $3.95-billion agreement the firm made to acquire that 591-000-rentable-sf building as well as two-million-sf GM Building, located between 58th and 59th streets at Fifth Avenue and Central Park South, the 591,000-sf office building at 125 W. 55th St., and the 664,000-sf Two Grand Central Tower at 44th Street between Lexington and Third avenues. That portfolio purchase price includes $1.47 billion in cash, $10 million in stock and the assumption of about $2.5 billion in debt.
540 Madison Ave. |
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