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
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
From left: Metro Loft Management founder Nathan Berman, Silverstein Properties chairman Larry Silverstein, and 55 Broad Street (Metro Loft, Silverstein Properties, LoopNet)
Silverstein, Metro Loft pick up Rudin’s 55 Broad Street for $180M
Silverstein, Metro Loft pick up Rudin’s 55 Broad Street for $180M
Barbara Russo, Danielle Englebardt, and Oren and Tal Alexander (Getty, iStock BFA)
Ranking the top residential brokers on the Upper East Side
Ranking the top residential brokers on the Upper East Side
From left: Assembly member Rodneyse Bichotte Hermelyn, Sen. James Sanders Jr. and REBNY's James Whelan (Getty, iStock, REBNY)
REBNY calls for larger fines. Wait, what?
REBNY calls for larger fines. Wait, what?
From left: Waterford Property Company’s John Drachman with the Oceanaire complex in Long Beach and Affiliated Development's Nick Rojo with the Bohemian project in Lake Worth Beach (Renderings via Kobi Karp, Oceanaire)
Public housing goes middle class
Public housing goes middle class
1552-1560 Broadway and Wharton Properties’ Jeff Sutton (Google Maps)
Investor claims Jeff Sutton cheated him out of millions on Times Square deal
Investor claims Jeff Sutton cheated him out of millions on Times Square deal
arrow_forward_ios

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

Loading...