Madison Capital buys Soho building for $206M

Invesco Real Estate had bought building in 2012 for $140 million

New York /
Jul.July 30, 2019 06:10 PM
130 Prince Street

130 Prince Street

A group of investors led by Madison Capital has purchased an office building in Soho for about $206 million, according to property records and sources familiar with the deal.

Invesco Real Estate sold the building at 130 Prince Street in a deal brokered by Evan Layne and Brett Siegel of Eastdil Secured. The property spans 88,000 square feet and stands five stories tall.

Madison will manage the investment for a group of owners that includes a wealthy individual from the tech industry, sources said.

Invesco and Madison did not immediately respond to requests for comment.

Invesco purchased the building in 2012 for $140 million and redeveloped the entire property. The fast-pay company Square had been considering a 70,000-square-foot lease in the building earlier this year. The status of negotiations weren’t clear.

 

Related Articles

arrow_forward_ios
AEW Global CEO Jeff Furber (left), North America CEO Jonathan Martin and 60 Charlton Street (AEW, APF Properties)
AEW purchases boutique Soho office building for $86.2M
AEW purchases boutique Soho office building for $86.2M
Village Preservation executive director Andrew Berman (iStock, Village Preservation)
Manhattan CB2 votes against Soho/Noho rezoning
Manhattan CB2 votes against Soho/Noho rezoning
Soho’s zoning madness, such as artists-only lofts and a ban on ground-floor retail, may finally change with a proposed rezoning.
The shopping district that banned retail: Soho’s incoherent zoning
The shopping district that banned retail: Soho’s incoherent zoning
Council members call out City Planning on Soho rezoning
Council members call out City Planning on Soho rezoning
Council members call out City Planning on Soho rezoning
470 Broome Street (Photo via Saltzman Architects, P.C., iStock)
From Picasso’s estate to squatting in Soho: The 470 Broome Street affair
From Picasso’s estate to squatting in Soho: The 470 Broome Street affair
546 Broadway and Isaac Chetrit (Google Maps)
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
Uniqlo finalizes $160M buy of its flagship at 546 Broadway
André Balazs and 158 Mercer Street (Getty, Google Maps)
Developer picks up André Balazs’ Soho condo
Developer picks up André Balazs’ Soho condo
Mynd CEO and co-founder Doug Brien and Invesco Real Estate CEO Scott Dennis (Mynd, Twitter via CBRE)
Invesco-backed Mynd to spend $5B on single-family rentals
Invesco-backed Mynd to spend $5B on single-family rentals
arrow_forward_ios

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

Loading...