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Report: Two Macklowe Towers Back on Market

NEW YORK CITY-A deal to acquire 1540 Broadway and Worldwide Plaza, part of the $7-billion Equity Office portfolio, has reportedly fallen through.

By Paul Bubny | Updated on November 17, 2008

NEW YORK CITY-A deal to acquire the last two pieces of the former Equity Office Properties portfolio has fallen through, according to a published report. Crain’s New York reported on Monday that 1540 Broadway and Worldwide Plaza are being shopped around again, following the mid-September news that George Comfort & Sons had reached a deal to buy the two properties for approximately $2 billion.

According to Crain’s, the deal was contingent in part on NBC Universal committing to a sizeable space at Worldwide Plaza, located at 825 Eighth Ave. Reports have put the network’s consolidated space needs at more than 600,000 square feet. Instead, NBC has leased interim space at 75 Rockefeller Plaza and other Midtown properties, and has not announced a permanent location for the consolidated operations.

Quoting unnamed sources, Crain’s says the two properties are expected to bring a price closer to $1.2 billion. A source at Eastdil Secured, which is marketing the properties for Deutsche Bank, tells GlobeSt.com the company does not comment to the press. Calls to George Comfort & Sons were not returned by deadline.

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