135 West 50th Street|Sales|07/23/2006 | TRD Research
Deal sheet    Single Deal
135 West 50th Street|Sales|07/23/2006
  • Event Sales
  • Building Name Sports Illustrated Building
  • Address 135 West 50th Street
  • Square feet 800,000
  • Price $ 300,000,000
  • Price per foot $ 375.00
  • Borough Manhattan
  • Neighborhood Midtown West
  • Publication Date 09/01/2006
  • Deal Date 07/23/2006
  • Party 1 Murray Hill Properties
  • Party 2 UBS
notes
The purchase price of $300 million, which equates to approximately $375 per square foot, is nearly double the $160 million paid by Murray Hill when it acquired the property from the estate of Dr. Laszlo Tauber in July 2004. The sale may be contingent upon the execution of a 200,000-square-foot lease with Alliance Capital that is under negotiation, according to reports.