NEW YORK CITY–Cushman & Wakefield has revealed it served as the exclusive advisor to an affiliate of Cogswell Realty and the City Investment Fund in the recapitalization of 55 W. 125th St. and 215 W. 125th St. that took place earlier this week, as reported on GlobeSt.com.

The transaction involved City Investment Fund selling its interest in the properties to Deutsche Asset & Wealth Management, which will own the assets in a joint venture with Cogswell Realty. The Cushman & Wakefield equity, debt & structured finance team of Steve Kohn, Christopher Moyer and Alex Lapidus served as exclusive advisor to Cogswell and the City Investment Fund.

“Prospective joint venture equity partners respected Cogswell's extensive history with the properties and valued their relationships with tenants after repositioning each building in the 1998-2001 time frame,” says Kohn, president of C&W's equity, debt & structured finance group.

“The properties are well positioned to benefit from several retail, residential, and office projects in the near vicinity that are further transforming 125th Street,” adds Christopher Moyer, senior director.

Situated on a retail corridor and offering views of Central Park and Midtown, 55 & 215 W. 125th Street are considered to be two of the top three most desirable office buildings in Harlem. Home to a multitude of investment grade tenants, the properties serve as the office of former President Bill Clinton as well as numerous non-profit and federal, state and city agencies.

Both properties offer retail frontage on 125th Street, Harlem's busiest office and retail corridor.