Published On: Thu, Jun 30th, 2016

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.

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


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