Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Eyal Ofer’s Global Holdings to buy 1250 Broadway for $565 Million

Jamestown and Murray Hill paid $310 Million for 721K sf tower in 2008

250 Broadway - New York City Eyal Ofer 1

 

The Monaco-based mogul inked a contract in June for the 39-story, 721, 000-square-foot tower, according to the New York Post.

Jamestown and Murray Hill put the property on the market in April with hope it would fetch about $600 million.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Jamestown bought the glass-and-steel tower, built in 1968, for $310 million in 2008 from SL Green Realty. The Class A tower is 84 percent occupied, and its largest tenant is the Visiting Nurse Service of New York, a nonprofit, which has 320, 000 square feet across 15 floors. Its lease expires in December 2018.

Ofer’s Global Holdings is a frequent partner with Zeckendorf Development, on condominiums including 15 Central Park West and 50 United Nations Plaza, and is a co-developer of Greenwich Lane with the Rudin family. Global Holdings’ office portfolio includes 99, 120 and 410 Park Avenue, as well as 875 Third Avenue.  [NYP]

The Real Deal, by E.B. Solomont

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.