The Real Deal New York

Madison Intl. ups interest in Chrysler East

November 09, 2010 11:30AM

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Chrysler East

Real estate investment firm Madison International Realty has increased its stake in the Chrysler East Building, raising its total interest in the office tower by $10 million to $55 million, the company announced today. Madison International now has a 48.9 percent stake in the 745,410-square-foot tower at 666 Third Avenue, which sits adjacent to its larger, more famous companion, the Chrysler Building, in the Chrysler Complex near 42nd Street. Madison International, which first acquired a stake in the Chrysler East Building in 2008, also has an interest in the Seagram Building at 375 Park Avenue and 520 Madison Avenue. TRD

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