Extell, Cammeby’s putting Turtle Bay office space on market

TRD New York /
Mar.March 25, 2011 06:15 PM
Gary Barnett and 211 East 46th Street (building photo source: PropertyShark)

Gary Barnett’s Extell Development and Cammeby’s International is putting up for sale a three-story
office space for $625 per square foot at the site of a 30-floor converted
condo tower in Turtle Bay .

The office condo, at 211 East 46th Street office, is located on the third to
fifth floors of the tower, which can be acquired as three separate units
measuring 9,800 square feet, or one large 29,000-square-foot space.

“The floors had been occupied by a tenant, and now that tenant is moving
out and they’re going to sell these three floors,” said Michael Rudder,
principal at Manhattan-based Rudder Property, which is listing the
property. “We’re confident it’s going to do very well.”

Rudder said he has already begun to receive inquiries for the space, which
is expected to attract interest from potential tenants related to the United
Nations, located just blocks away from the building, or from non-profit
organizations.

He noted that Extell and Cammeby’s, who partnered in the conversion,
previously sold off the apartments, the retail and the garage at the building.

If sold, the deal would mark the third Extell transaction since February.

Extell earlier this month sold a site at 153 West 21st Street in Chelsea for $21
million.

Last month, the developer sold a site at 180 Sixth Avenue to Tavros Capital
Partners for $17 million.

Officials from Extell and Cammeby’s were not immediately available for
comment.


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