Westbrook Partners | The Real Deal New York

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Westbrook Partners

645 Madison Avenue
New York, NY 10022
Website
info@westbrookpartners.com
Westbrook Partners
Westbrook Partners is a 21-year-old, privately held real estate investment firm headquartered in New York City with around $20 billion in its investment portfolio. It has offices in Washington, D.C., Palm Beach, San Francisco, Los Angeles, Europe and Japan. The firm is best-known in New York for its acquisition of controlling or total stakes in major commercial properties. For instance, in early 2015, Westbrook picked up near-total control of the office buildings at 1375 Broadway and 31 Penn Plaza. About six months before this, Westbrook picked up the Standish Hotel in Brooklyn Heights for $60 million. Westbrook has faced severe and well-publicized pushback from tenants and government officials in London for rent hikes and allegedly sluggish repairs at properties it has acquired. The firm has also faced legal scrutiny closer to home, where New York state Attorney General Eric Schneiderman ordered Westbrook and its partner, Normandy Real Estate, to fire property managers and to make repairs. Paul D. Kazilionis started Westbrook and is its CEO. The firm’s headquarters are at 645 Madison Avenue.
405 Park Avenue
01/15/16
In one of the city’s first major commercial investment sales of 2016, MRP Realty and Deutsche Bank Asset Management are in contract to purchase Donerail...
169 Columbia Heights ft
01/05/16
Manhattan condominium developer DDG is set for its first Brooklyn residential project – a redevelopment of the former Standish Hotel in Brooklyn Heights. Tags: Brooklyn...
Adam Mermelstein thumb
12/07/15
Teaneck, NJ-based Treetop Development bought a large portfolio of eight rent-regulated buildings in Flushing and Elmhurst, paying $138.8 million to Algin Management. Tags: Algin Management,...
pier-40
11/28/15
Last, month Westbrook Partners and Atlas Capital Group agreed to buy 250,000 square feet of air rights at the dilapidated Pier 40 at Hudson River...
192 Spencer
11/10/15
Black Spruce Management picked up a pair of Bedford-Stuyvesant rental buildings on Spencer Street for a combined $39 million, sources said. Tags: Bedford Stuyvesant, Black...
Westbrook 47 Hall FB
11/09/15
UPDATED, 2:09 p.m., Nov. 13: Westbrook Partners and RXR Realty are contract to buy a half-million-square-foot commercial property near the Brooklyn Navy Yard for more than $160...
550 Washington Street
11/02/15
UPDATED, 1:27 p.m., Nov. 3: Westbrook Partners and Atlas Capital Group are floating two possible plans for the retail space at their massive St. John’s Terminal...
20140825_one_court_square_savanna
10/28/15
(Update: The sale closed Dec. 22 for $48 million) Savanna is in contract to buy a 12-story Harlem office building at 1825 Park Avenue, according to...
Caggiano_Keith_web.jpg
10/21/15
ADI Capital is tripling the size of its offices, signing a five year lease for the entire 36th floor of 295 Madison Avenue in Midtown....
Pier 40
10/21/15
Westbrook Partners and Atlas Capital Group have finally struck a deal with city officials to buy 250,000 square feet of air rights from the crumbling...
Ruby-Schron-Bruce-Federman-47-Hall-FB
09/21/15
Westbrook Partners and Invesco Real Estate are among the investors bidding on a massive industrial building near the Brooklyn Navy Yard in a deal that...
550-washington-street
08/24/15
Westbrook Partners coughed up more than $200 million to take a majority stake in the 1.1 million-square-foot St. John’s Terminal, in a deal that values...
1898-Belmont-Avenue-thumb
07/10/15
Josh Gotlib’s Black Spruce Management picked up an 11-building package in the Belmont, East Tremont and West Farms sections of the Bronx for a combined...
savanna-thumb
06/02/15
Westbrook Partners is the only buyer of Savanna’s 1375 Broadway. The real estate and private equity firm is selling the property at West 37th Street...
333 Johnson Avenue
05/11/15
UPDATED, 4:25 p.m., May 11: Normandy Real Estate Partners, Royalton Capital and Sciame Development have teamed up to purchase a 160,000-square-foot industrial property in Bushwick with...
Treetop Development Manhattan
05/11/15
Treetop Development closed on the purchase of the eight-building Manhattan portion of Normandy Real Estate Partners and Westbrook Partners’ 1,700-unit multifamily portfolio for $38 million, The...
JaredKushner184Kent200x143
05/06/15
Jared Kushner is bringing condos to a Williamsburg rental building that once housed a Wild Turkey distributor. Kushner Cos. plans to convert the 338 residential units...
180 East 93rd
04/28/15
With a series of mini-portfolio deals, Normandy Real Estate Partners and Westbrook Partners are inching closer to shedding a total of 1,700 apartments as part...
1511 Sheridan Avenue and residents of the "three borough pool" portfolio
04/27/15
Normandy Real Estate Partners and Westbrook Partners are in contract to sell all 30 buildings of their “Three Borough Pool” portfolio. Tags: normandy real estate, westbrook...
jungreis-thumb
04/09/15
Black Spruce Management, a Midtown-based investment firm led by Josh Gotlib, sold a seven-story Flatbush rental building at 520 East 21st Street for $26.5 million,...
1511-Sheridanthumb
04/02/15
UPDATED, 2:45 p.m. April 3: Normandy Real Estate sold seven Bronx properties of a 42-building portfolio for nearly $58 million, according to property records filed with...
MorgensternKushnerFbox
03/27/15
Jared Kushner’s Kushner Companies just closed on a large multifamily portfolio, with 14 buildings scattered over several Manhattan neighborhoods and two in Brooklyn, for $131.5...
1375-31-feat
03/05/15
Westbrook Partners has picked up a 96 percent stake in a pair of Midtown office towers from Savanna for an undisclosed sum, according to data...
barnett feat
12/05/14
Gary Barnett’s Extell Development is in contract to sell the Belnord, a storied, block-long rental building on the Upper West Side, The Real Deal has learned. Sources...
ziel-feldmanFB
09/19/14
Ziel Feldman’s HFZ Capital Group is asking a Manhattan Supreme Court judge to award it access to 126 East 27th Street, a five-story residential building...
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Westbrook Partners, COO
645 Madison Avenue, New York, NY
Sush Torgalkar runs the day-to-day operations of Westbrook Partners, on a 21-year-old, privately...
  • Event Sales
  • Address 550 Washington Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,100,000
notes
The property sold for an undisclosed amount.
  • Event Sales
  • Address 10 Vermilyea Avenue
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 1,700
  • Price $ 38,000,000
notes
The building sold for $38 million.
  • Event Sales
  • Building Name 752-758 West End Avenue
  • Address 758 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 161,000
  • Price $ 72,360,000
notes
The property sold for $72.36 million. The seller acquired the building in August 2007 for $85.8 million.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 85,788,000
  • Price per foot $ 479,000.00
notes
The prewar building sold for $85.788 million, or $479,000 per unit.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,000,000
  • Price per foot $ 365,000.00
notes
The property sold for $72 million, or about $365,000 per unit.
  • Event Sales
  • Address 235 West 75th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 224,000
  • Price $ 109,120,000
  • Price per foot $ 487.00
  • Publication Date 12/01/2007
  • Event Date 10/22/2007
  • Party 1 AFA Asset Services
  • Party 2 Westbrook Partners
notes
The Upper West Side apartment building sold for $109.12 million, or $487 per square foot.
  • Event Sales
  • Building Name The Encore
  • Address 301 West 53rd Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 165,000,000
notes
Extell sold the high-rise apartment building for $165 million to joint venture partner Westbrook.
  • Event Sales
  • Address 405 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 180,000,000
notes
The high-rise building sold for $180 million to the partnership.
  • Event Sales
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 475,000
  • Price $ 313,000,000
  • Price per foot $ 660.00
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 1 Private investors
  • Party 2 Westbrook Partners
notes
The New York Magazine Building sold for $313 million, or $660 per square foot. The magazine is moving Downtown this summer.
  • Event Sales
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 180,000,000
notes
The Art Deco building sold for $180 million. Moinian had tried to purchase the property directly from Korein 20 years ago, but did not succeed until now.
  • Event Sales
  • Address 90 Lexington Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 30,500,000
  • Price per foot $ 237.35
notes
The 128,500-square-foot property sold for $30.5 million, or $237.35 per square foot.
  • Event Sales
  • Address 88 Lexington Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 152,310
  • Price $ 82,000,000
  • Publication Date 10/01/2012
  • Event Date 08/22/2012
  • Party 1 Halstead Management Company
  • Party 2 Westbrook Partners
notes
The rental building sold for $82 million. The seller acquired the property for $32 million in April 2007 from an entity named New Bilota Equities Coporation NV.
  • Event Sales
  • Address 129 First Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 130,000,000
notes
The package of walk-up building sold for $130 million. The properties are located at 201 East 2nd Street, 23 Avenue A, 129 First Avenue, 143 First Avenue, 338-340 East 11th Street, 165-167 Avenue A, 500 East 11th Street, 504 East 12th Street, 191-193 Avenue A, 435 East 12th Street, 516 East 13th Street, 211 Avenue A and 49 and 1/2 First Avenue.
  • Event Sales
  • Address East Village portfolio
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 97,500,000
  • Price per foot $ 376,000.00
notes
The 17-building portfolio sold for $97.5 million, or $376,000 per unit. Extell had purchased the portfolio for $72 million just 18 months earlier.
  • Event Sales
  • Address 50 Central Park South
  • Neighborhood Central Park South
  • Borough Manhattan
  • Price $ 105,000,000
  • Publication Date 04/01/2012
  • Event Date 02/21/2012
  • Party 1 Millennium Partners
  • Party 2 Westbrook Partners
notes
The Ritz-Carlton Hotel sold for $105 million, the International Business Times reported. Millennium Partners bought the property for $88.8 million in 2006.
  • Event Sales
  • Building Name Brill Building
  • Address 1619 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 177,000
  • Price $ 150,000,000
notes
The popular songwriting and music publishing hub sold for just over $150 million to the Dallas-based real estate company. The sellers had purchased the art deco Class B building for $92 million last November.
  • Event Office Leasing
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,800
notes
The event-planning company inked a lease for the entire 36th floor.
  • Event Office Leasing
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,000
  • Price per foot $ 68.00
notes
The financial services firm inked a seven-year lease for the entire 22nd floor
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 12,110
  • Price per foot $ 60.00
notes
The management consulting firm signed a 10-year lease on the eighth floor. The tenant is expanding and relocating from a smaller space on the 35th floor.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 68,348
notes
The London-based fashion house signed a lease to relocate its U.S. headquarters. The deal includes naming rights to the building, which will have illuminated signage facing three directions. The company is moving from 1350 Sixth Avenue.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 16,000
  • Price per foot $ 70.00
  • Publication Date 06/01/2009
  • Event Date 04/22/2009
  • Party 1 Westbrook Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Paul Amrich, Patrice Hayden
  • Party 2 ThinkEquity Partners
  • Party 2 Brokerage CBRE
  • Party 2 Broker Sacha Zarba, David Kleinhandler
notes
The investment bank inked a 10-year lease for part of the third floor, which includes a private terrace. The company plans to relocate from its 31 West 52nd Street offices in the fall.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 5,400
  • Price per foot $ 70.00
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 Westbrook Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Patrice Hayden
  • Party 2 Exotix
  • Party 2 Brokerage CBRE
  • Party 2 Broker Roshan Shah
notes
The London-based investment bank signed a 10-year lease for the entire 36th floor. The tenant will be relocating from 51 East 42nd Street.
Brooklyn, 11211
Westbrook Partners
...
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