Gotta go to Mo’s: Modell and Brodsky families pay $61M for Garment District office

A partnership between the Modell family of Modell’s Sporting Goods fame and the Brodsky family’s BEB Capital is purchasing a Midtown office building for $60.5 million, according to sources familiar with the deal. Dalan Management sold the 12-story, 60,000-square-foot property at 22 West 38th Street in an off-market 1031 exchange that did not involve brokers. The building includes one retail unit and 11 office units, and Knotel has a large lease at the property spanning … Continue reading Gotta go to Mo’s: Modell and Brodsky families pay $61M for Garment District office