114 W. 41st St.
Blackstone and EQ Office sold their 22-story office and retail property located at 114 W. 41st St. to Clarion Partners for $282 million.
The 349,274-square foot building, often referenced as 114W41, had been repositioned into a mixed-use asset. Approximately $30 million in renovations updated the structure, creating a dual-entrance lobby and tenant-only amenities area.
Currently, the property is 91% leased to 13 office tenants and several ground-floor restaurants. Roku, Quartet Health, View the Space (VTS), Kensington Publishing, SpotCo and the New York headquarters of Guess? are some of the companies leasing space in the building.
Newmark Knight Frank's James Kuhn, Edward Maher, David Colen and James Tribble represented the sellers.
“114W41 offers modern, collaborative office space with an urban feel, directly appealing to the new breed of cutting edge, fast-growing TAMI tenants that are currently flocking to Bryant Park,” says Maher. He also notes unobstructed views of Bryant Park further enhances the asset.
NKF will continue to serve as brokers in the leasing of 114W41 for Clarion Partners.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
