551 Madison Avenue – a historic former hotel converted into now-LEED-certified office space in 1982 – has been sold for $128 million.
The LEED for Core and Shell Gold 148 Lafayette Street – which dates from 1913 – has been sold to the real estate investment firm EPIC for approximately $850 per square foot.
The Kushner Companies and Los Angeles-based CIM Group recently closed on the $50 million acquisition of 200 Lafayette Street and will reposition the historic 7-story property as a Class A, LEED-certified SoHo office building.
In a sale and lease back transaction, W.P. Carey & Co. has acquired 21 of the venerable newspaper’s 27 floors at its 620 Eighth Avenue headquarters building.