Tishman Speyer, Cogswell shopping Midtown office building

New York /
Aug.August 15, 2017 06:08 PM

Tishman Speyer and Cogswell Realty are shopping their Midtown office building on Madison Avenue, a property valued at roughly $255 million.

The companies are selling 183 Madison Avenue, a 274,000-square-foot Art Deco building at East 34th Street and Madison Avenue, Real Estate Alert reported. Tishman and Cogswell bought the building in 2014 for $185 million from Argentinian investment company IRSA.

The building is 88 percent leased, according to CoStar, and has an estimated value of $930 per square foot. Current tenants include engineering firm Spector Group, as well as several fashion companies like Chantelle, Puig, Dreamwear and Mundi Westport.

CBRE is marketing the property for Tishman and Cogswell. [REA] — Kathryn Brenzel


Related Articles

arrow_forward_ios
Carpenter & Company's Richard Friedman and 2 Canal Street in New Orleans (Carpenter & Company, Google Maps)
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
HUBB’s John McCarthy, Greystone's Thomas Ryan and 223-225 4th Avenue (Google Maps, Greystone, Getty)
HUBB NYC continues 421a spending spree, buying Park Slope building
HUBB NYC continues 421a spending spree, buying Park Slope building
120 East 39th Street (Hotels, Getty)
Short-term rental company taking over Midtown hotel
Short-term rental company taking over Midtown hotel
One Soho Square with Stellar Management’s Larry Gluck and Yotpo CEO Tomer Tagrin (LoopNet, Twitter, Gluck Family Foundation)
Yotpo inks 30K sf sublease at Stellar’s One Soho Square
Yotpo inks 30K sf sublease at Stellar’s One Soho Square
From left: Landlord Steve Croman and White Horse Tavern owner Eytan Sugarman along with the White Horse Tavern at 567 Hudson Street (Getty Images, Google Maps, Instagram/boyfromnewyorkcity)
Croman sues White Horse Tavern owner for $650K back rent
Croman sues White Horse Tavern owner for $650K back rent
Blackstone's Stephen Schwarzman and 8 Spruce Street (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Twitter/AAsArchitecture)
Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
A photo illustration of Tishman Speyer CEO Rob Speyer and 28-10 Jackson Avenue in Long Island City (Getty Images, Tishman Speyer, Google Maps)
LIC tenant claims Tishman Speyer violated rent stabilization
LIC tenant claims Tishman Speyer violated rent stabilization
A photo illustration of Nir Meir (Getty Images)
HFZ investor wants Nir Meir held in contempt
HFZ investor wants Nir Meir held in contempt
arrow_forward_ios

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

Loading...