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

Organization occupies 14th through 17th floors of 420 Fifth

New York /
Aug.August 23, 2016 05:47 PM

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.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
 Robert Morse, executive chairman of Bridge Investment Group, one of the major Opportunity Zone investors focusing on real estate.  (Bridge, Stanford)

Opportunity Zone investments got a boost in 2020

Opportunity Zone investments got a boost in 2020
333 Johnson Avenue with Royalton Capital’s Jin Lee, Sciame Construction's Frank Sciame and Normandy Real Estate Partners' Finn Wentworth (Royalton Capital, Sciame, Normandy)

Normandy sued by former partners for hiding Netflix deal

Normandy sued by former partners for hiding Netflix deal
Union Square Park to gain 2 acres in $100M plan (Getty_

Union Square Park to gain 2 acres in $100M plan

Union Square Park to gain 2 acres in $100M plan
Fabric co-founder, CEO Elram Goren (Getty, Elram Goren via LinkedIn)

Startup wants to bring “micro-warehouses” to vacant retail

Startup wants to bring “micro-warehouses” to vacant retail
(iStock)

No check, please: Restaurants grapple with confusing Covid inspections

No check, please: Restaurants grapple with confusing Covid inspections
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...