The Real Deal New York

It’s suitable: Brooks Brothers buys Midtown East building from Aion Partners

Menswear company purchased 11 East 44th Street for about $106M
By Eddie Small | January 10, 2019 03:30PM

11 East 44th Street (Credit: Google Maps)

Aion Partners has sold 11 East 44th Street to suit shop Brooks Brothers for $105.8 million, according to property records.

Brooks Brothers is already the largest tenant in the Midtown East office building, occupying over 40,000 of the 135,000 square feet. The property also serves as Aion’s headquarters.

Aion and Brooks Brothers did not respond to requests for comment.

Richard Baxter and Jason Gold of Colliers International worked the deal.

Aion previously bought out Clarion Partners’ stake in the building in 2016 with an $80 million loan from Deutsche Bank and SL Green Realty. The firm is also marketing 807 Park Avenue on the Upper East Side for $29 million after buying it from Diddy in 2004 for $14.3 million.

Brooks Brothers landed a $109 million loan from Morgan Stanley in 2017 to refinance its flagship property at 346 Madison Avenue.