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Tishman Speyer Buys 183 Madison Ave.

NEW YORK CITY—The Midtown South property, spanning more than 250,000 square feet, was sold by an Argentinian real estate firm.

By Rayna Katz | Updated on October 01, 2014

NEW YORK CITY—Tishman Speyer has acquired 183 Madison Ave. from Argentinean real estate investment firm, IRSA—Inversiones y Representaciones Sociedad Anónima—has sold 183 Madison Avenue for $185 million in an off-market transaction. The landmark Art Deco office building in Midtown South, spanning 19 stories and 274,413 square feet, sits on the southeast corner of Madison avenue and 34th street.

The property was picked up in a joint venture with the Cogswell-Lee Development Group, a recently formed partnership of Cogswell Realty and Lee & Associates NYC. The building is 95% leased.

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