The Real Deal New York

Forget cookies: Girl Scouts to sell Midtown office for $61M

Organization occupies 14th through 17th floors of 420 Fifth
By Kathryn Brenzel | August 23, 2016 05:47PM

The Girl Scouts of America is selling the equivalent of roughly 12.3 million boxes of Thin Mints.

The organization is in contract to sell part of its headquarters at 420 Fifth Avenue to the Wasserman family’s AM Property Holding Corp. TRData LogoTINY and Samson Klugman’s Quality Capital USA for $61.3 million, according to Real Estate Alert.

A representative for AM Property denied that it had purchased any property in the building. A message left for a Quality Capital representative was not immediately returned.

The Girl Scouts organization bought office and retail condos at 420 Fifth Avenue in 1991 for $24 million, the New York Times reported at the time. The office condo spanned 171,000 square feet across the ninth through 17th floors. The organization is currently in contract to sell the 14th through the 17th floors, which span 71,960 square feet. A representative for the Girl Scouts did not immediately return a message seeking more information.

The building was constructed in 1986 and spans 609,000 square feet. Other tenants include the Rockefeller Foundation and Golfsmith International Holdings.