New York
Unizo strikes deal to sell one of its last New York properties
Trending
Kaufman Org closes on $35M ground lease deal
Company has closed three Midtown South deal in four months
The Kaufman Organization continues to expand in Midtown South after closing on a $34.5 million ground lease at the Haymarket Building.
The organization signed a 99-year ground lease with MFM Properties for the 12-story office building at 135 West 29th Street, the Commercial Observer reported.
It’s just a few blocks away from the two other properties Kaufman acquired since November: The company snagged an office building at 56 West 22nd Street for $48.5 million, and a building previously owned by Unizo Holdings at 40 West 25th Street for $120 million.
Read more
Unizo strikes deal to sell one of its last New York properties
New York
Kaufman, AXA make $50M Midtown South buy
New York
Unizo Holdings looks to sell another building out of $1.3B portfolio
Michael Kazmierski, president and principal of Kaufman Investments, told the publication that the lease aligned with the “expertise” the organization was building in Midtown South.
“We’re still very optimistic in regard to the performance of this core Midtown South market and we think this building is well-positioned to be part of the recovery,” Kazmierski told the publication.
Kaufman will manage the building, which is 70 percent occupied, the publication reported. Plans to renovate the building are also in the works. Robert Khodadadian and Daniel Shirazi of Skyline Properties brokered the ground lease deal.
[CO] — Cordilia James