Brief
ESRT Offloads 250 W. 57th St. for $275M
Empire State Realty Trust, Inc. (ESRT) said Tuesday it had completed the disposition of 250 W. 57th St., a 540,000-square-foot office tower for $275 million. The sale price included the buyer’s assump
Empire State Realty Trust, Inc. (ESRT) said Tuesday it had completed the disposition of 250 W. 57th St., a 540,000-square-foot office tower for $275 million. The sale price included the buyer’s assumption of $180 million of mortgage debt. Published reports identified the buyer as Namdar Realty. The transaction represents a recycling of capital into the REIT’s...
Source
- Connect CREconnectcre.com
