315 Park Avenue South hits the market

The prewar office tower at 315 Park Avenue South is up for grabs with owner Craig Nassi seeking either a buyer or a joint venture partner to recapitalize the property for roughly $350 million. According to the Post, Nassi, of BCN Development, has tapped the Carlton Group to market the building, which has a Staples store in the retail portion and is also home to Credit Suisse, at around $1,000 per square foot. “Over the last three weeks, I’ve been getting a lot of calls from Asian groups and Middle East groups that want to buy the building or invest with me,” said Nassi, who purchased the building for $265 million in 2007 and has put in another $10 million worth of capital improvements since then. “I realized it’s time to hire an outside group to field the offers.” [Post, 3rd item]