Extell Finalizes Deal to Buy 110 East 55th Street for $65M
After months of negotiations, Extell Development has acquired 110 East 55th Street, a 19-story Midtown office property also known as Park 55, from the Parkoff Organization for $65 million, property records made public Monday show. An affiliate of construction company JT Magen —…
After months of negotiations, Extell Development has acquired 110 East 55th Street, a 19-story Midtown office property also known as Park 55, from the Parkoff Organization for $65 million, property records made public Monday show. An affiliate of construction company JT Magen —…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine commercial real estate acquisition with no novel financing or market-wide implications, representing ordinary business activity.
Sources
Commercial Observer
Extell Finalizes Deal to Buy 110 East 55th Street for $65M
After months of negotiations, Extell Development has acquired 110 East 55th Street, a 19-story Midtown office property also known as Park 55, from the Parkoff Organization for $65 million, property records made public Monday show. An affiliate of construction company JT Magen —…