The Real Deal New York

60 Guilders splitting Corinthian office condo into 32 units

Chelsea-based firm teamed with Carlyle Group to acquire three-floor unit for $48M

May 04, 2016 04:35PM
By Rey Mashayekhi

60 Guilders

From left: The Corinthian at 330 East 38th Street, and Kevin Chisholm and Bastien Broda (credit: Larry Ford)

Real estate investment firm 60 Guilders is planning to split a three-floor, 81,000-square-foot office condominium at the Corinthian residential tower into 32 separate office units, according to an offering plan filed with the state Attorney General’s office last month.

Chelsea-based 60 Guilders partnered with the Carlyle Group to acquire the first three floors of the 57-story condo tower, at 330 East 38th Street in Murray Hill, for $48 million, as The Real Deal reported in September.

The investors acquired the commercial condo unit, which was operating as medical offices, from Florida-based ProMed Properties. ProMed purchased the property from Eliot Spitzer’s Spitzer Enterprises, which completed the Corinthian in 1988, for $31 million in 2011.

But 60 Guilders, led by Savanna alums Kevin Chisholm and Bastien Broda, and private equity giant Carlyle plan on splitting up the 81,000-square-foot space, according to the offering plan filed April 26. The result would be 32 separate office units averaging just over 2,530 square feet each.

60 Guilders declined to comment. The company has frequently partnered with Carlyle as of late. In April, it filed a 21-unit commercial condo plan at 20 West 33rd Street – an 11-story Midtown office building that Carlyle acquired for $111 million last year.

The two sides also recently closed on the purchase of a Soho retail co-op unit at 106 Spring Street for just shy of $100 million, and are close to acquiring a neighboring retail space at 93 Mercer Street for north of $40 million, as The Real Deal reported last month.

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