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Jamestown Led-JV Buys Two Office Stakes

NEW YORK CITY—The real estate investment and management firm has picked up a position in a Midtown South tower and a Class A building in Midtown.

By Rayna Katz | raynakatz | | Updated on February 09, 2016
Twenty tenants occupy 200 Madison Ave., in Midtown. Jamestown has taken a stake in  200 Madison Ave., a 99% leased, Class A office tower in Midtown.

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.

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