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New York

Boston Properties’ Two Grand Central Tower hits the market

Two Grand Central Tower, a 667,000-square-foot office building at 140 East 45th Street between Lexington and Third avenues, has hit the sales market and could bring in more than $370 million, the New York Post reported. The building is currently owned by Boston Properties, Goldman Sachs and Meraas Capital, which is controlled by Dubai’s ruler, Sheikh Mohammed bin Rashid.

Darcy Stacom and Bill Shanahan of CB Richard Ellis have been hired to market the property.

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As The Real Deal previously reported, the 44-story tower was built in 1982 and later sold by developer Harry Macklowe to the team led by Boston Properties for $237 million and the assumption of $190 million in mortgage debt in 2008.

About 20 percent is now available for lease through a Newmark team, the Post said. [Post, 1st item]

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Bill ShanahanBoston PropertiesCBREDarcy StacomGoldman Sachs