Edward J. Minskoff Equities is marketing a stake in a Lower Manhattan office building that has established itself as a magnet for life science players.
The 23-story building at 101 Avenue of the Americas in the Hudson Square neighborhood is 93% occupied, with 40% of the current leases occupied by life-science tenants.
Minskoff owns the tower via a leasehold interest and is talking to investors about selling a partial interest, according to a Green Street alert. The size of the stake is negotiable, but Minskoff is seeking to attract bids that would value the entire building at more than $250M, or $584 per SF.
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© 2024 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.
