NEW YORK CITY—Jamestown has acquired a 49% joint venture stake in the ownership of two Manhattan office properties, at 63 Madison Ave. and 200 Madison Ave.
The deal is reportedly worth $1.15 billion, or $710 per square foot, according to the Wall Street Journal. Parties to the deal declined to discuss the price of the transaction. Under the new partnership agreement,
George Comfort & Sons and Loeb Partners Realty together will retain a majority interest in the assets. Doug Harmon, Adam Spies, Adam Doneger and Josh King of Eastdil Secured acted as the exclusive financial advisors for the transaction.
New York Life CBS Philips-Van Heusen Roche BoBois Greater New York Mutual Insurance Michael Phillips
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
