Westbrook Partners | The Real Deal New York

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Westbrook Partners

645 Madison Avenue
New York, NY 10022
Website
info@westbrookpartners.com

Westbrook Partners is a privately held real estate investment firm headquartered in New York City with around $20 billion in its investment portfolio. It has offices in Washington, D.C., Palm Beach, San Francisco, Los Angeles, Europe and Japan.

The firm is best known in New York for its acquisition of controlling or total stakes in major commercial properties. For instance, in early 2015, Westbrook picked up near-total control of the office buildings at 1375 Broadway and 31 Penn Plaza. About six months before this, Westbrook picked up the Standish Hotel in Brooklyn Heights for $60 million.

Westbrook has faced severe and well-publicized pushback from tenants and government officials in London for rent hikes and allegedly sluggish repairs at properties it has acquired. The firm has also faced legal scrutiny closer to home, where New York state Attorney General Eric Schneiderman ordered Westbrook and its partner, Normandy Real Estate, to fire property managers and to make repairs.

Paul D. Kazilionis started Westbrook in 1994 and is its CEO. The firm's headquarters are at 645 Madison Avenue.


05/22/18
...Union Square (Credit: Getty Images and W Hotels) Westbrook Partners is close to signing a hard contract to acquire the W Union Square hotel...

05/15/18
...in 2006, Grant bought out Bauman and brought in Westbrook Partners, Fortress Investment Group and Atlas Capital Group. Six years later, the investors bought out...

05/09/18
...Feldman and Sush Torgalkar HFZ Capital Group and Westbrook Partners have landed a $300 million refinancing from Wells Fargo for the conversion of the Belnord...

...in 2006, Grant bought out Bauman and brought in Westbrook Partners, Fortress Investment Group and Atlas Capital Group. Six years later, the investors bought out...

04/20/18
...the residential board filed a suit against owner Westbrook Partners over the name change. And as the legal battle ensues, brokers selling condominium units...

04/12/18
...Carlton Central Park South and Westbrook's Sush Torgalkar Westbrook Partners landed a $280 million loan to refinance the Ritz-Carlton at 50 Central Park South, ahead of...

04/04/18
...to Fortress Investment Group, Atlas Capital Group and Westbrook Partners for $250 million in 2013. Grant was born Eugene Martin Greenberg in Hell’s Kitchen in...

04/03/18
...-02 49th Avenue. The company and its partner, Westbrook Partners, paid $195 million for the seven-story, 656,000-square-foot property. “Both of our properties are a short...

03/16/18
...Belnord, Ziel Feldman, Sush Torgalkar and Adam Spies Westbrook Partners took a stake in HFZ Capital Group’s redevelopment of the Belnord, by converting...

02/27/18
...pushing into other markets. But in 2010, Luthra — a Westbrook Partners alum — jumped to Highgate and steered the company toward more ambitious New York deals...

02/16/18
...joining Columbia, Popper served as managing principal at Westbrook Partners and as director of U.S. office acquisitions at Vornado Realty Trust, following previous...

02/12/18
...to recent distribution center sales as examples, including Westbrook Partners and Innovo Property Group's acquisition of 24-02 49th Avenue in Queens for $195 million and...

...pushing into other markets. But in 2010, Luthra — a Westbrook Partners alum — jumped to Highgate and steered the company toward more ambitious New York deals...

01/31/18
...and retail across a three-block-site site. The sellers, Westbrook Partners and Atlas Capital Group, continue to own the north site and plan to develop...

01/26/18
...in 2014. The now-defunct business has no connection to Westbrook Partners, another real estate investment company that’s currently active in New York. Paisley Boney...

12/13/17
...a statement. Earlier this year, the fund bought Westbrook Partners’ 31 West 27th Street office building for $126 million, and the office building at 19 West 44th...

10/19/17
...Macy's in Downtown Brooklyn, and RXR Realty and Westbrook Partners...

09/12/17
...the Standish Arms Hotel, and developers DDG and Westbrook Partners recently converted it into condominiums. Brooklyn architect Frank S. Lowe designed the building. The...

09/07/17
...to purchase the St. John's Terminal site from Westbrook Partners and Atlas Capital, according to a report. The $700 million price tag for the 1.7 million-square-foot...

08/28/17
...is on the 12th floor of DDG and Westbrook Partners’ conversion of the former Standish Hotel in Brooklyn Heights, a 33-unit condo with a...

08/25/17
...in the St. John’s Terminal site, which Westbrook Partners and Atlas Capital Partners are planning to transform into a five-tower, 1.7 million-square-foot mixed-use complex...

08/18/17
...West 27th Street. Savanna bought the building from Westbrook Partners, paying $126 million. According to Real Estate Weekly, the property has changed hands five times...

07/26/17
...a new 20-year deal at Andrew Chung and Westbrook Partners’ 23-02 49th Avenue, where the agency currently occupies 440,000 square feet under a bargain lease...

07/18/17
...provider to farmers, put up $230 million to refinance Westbrook Partners’ Garment District office building at 1375 Broadway. The debt replaced an existing $180 million loan. 9) On...

...Street, and the following year, RXR Realty and Westbrook Partners bought the 670,000-square-foot building next door at 47 Hall Street. Both are being converted into...
Westbrook Partners, COO
645 Madison Avenue, New York, NY
Sush Torgalkar runs the day-to-day operations of Westbrook Partners, a privately held real...
  • Event Sales
  • Address 550 Washington Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2
  • Price $ 100,000
  • Price per foot $ 0.00
notes
The Pier 40 air rights were bought for $100 million to supplement the St. John's Terminal Project.
  • Event office Leasing
  • Address 1375 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 28,000
notes
The healthcare data analytics company signed a lease.
  • Event Sales
  • Address 223 North 8th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 72,000
  • Price $ 68,875,000
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 Westbrook PartnersILargo
  • Party 1 Brokerage HFF
  • Party 1 Broker Jeff Julien, Rob Hinckley, Rob Rizzi, Andrew Scandalios, Steven Rutman
  • Party 2 Trinity Place Holdings, Pacolet Milliken Enterprises
notes
The luxury multifamily building was sold for $68.875 million.
  • Event Office Leasing
  • Address 1375 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 17,972
notes
The tech-focused job search firm signed a lease.
  • Event Sales
  • Address 47 Hall Street
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 550,000
  • Price $ 161,000,000
  • Price per foot $ 292.73
notes
The property sold for $161 million is just south of the Brooklyn Navy Yard.
  • Event Financing
  • Address 47 Hall Street
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 665,000
  • Price $ 162,000,000
notes
The company secured a $90 million acquisition loan.
  • Event Financing
  • Address 31 West 27th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 144,000
  • Price $ 69,000,000
notes
The company refinanced a $69 million loan.
  • Event Sales
  • Address 550 Washington Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,100,000
notes
The property sold for an undisclosed amount.
  • Event Sales
  • Address 10 Vermilyea Avenue
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 1,700
  • Price $ 38,000,000
  • Price per foot $ 22,352.94
  • Event Sales
  • Address 129 First Avenue
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 130,000,000
notes
The package of walk-up building sold for $130 million. The properties are located at 201 East 2nd Street, 23 Avenue A, 129 First Avenue, 143 First Avenue, 338-340 East 11th Street, 165-167 Avenue A, 500 East 11th Street, 504 East 12th Street, 191-193 Avenue A, 435 East 12th Street, 516 East 13th Street, 211 Avenue A and 49 and 1/2 First Avenue.
  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 130,000,000
  • Event Sales
  • Address 88 Lexington Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 152,310
  • Price $ 82,000,000
  • Price per foot $ 538.38
  • Publication Date 10/01/2012
  • Event Date 08/22/2012
  • Party 1 Halstead Management Company
  • Party 2 Westbrook Partners
notes
The rental building sold for $82 million. The seller acquired the property for $32 million in April 2007 from an entity named New Bilota Equities Coporation NV.
  • Event Sales
  • Address 50 Central Park South
  • Neighborhood Central Park South
  • Borough Manhattan
  • Price $ 105,000,000
  • Publication Date 04/01/2012
  • Event Date 02/21/2012
  • Party 1 Millennium Partners
  • Party 2 Westbrook Partners
notes
The Ritz-Carlton Hotel sold for $105 million, the International Business Times reported. Millennium Partners bought the property for $88.8 million in 2006.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,000,000
  • Price per foot $ 365,000.00
notes
The property sold for $72 million, or about $365,000 per unit.
  • Event Sales
  • Building Name 752-758 West End Avenue
  • Address 758 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 161,000
  • Price $ 72,360,000
  • Price per foot $ 449.44
notes
The property sold for $72.36 million. The seller acquired the building in August 2007 for $85.8 million.
  • Event Sales
  • Address 752-758 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,360,000
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 12,110
  • Price per foot $ 60.00
notes
The management consulting firm signed a 10-year lease on the eighth floor. The tenant is expanding and relocating from a smaller space on the 35th floor.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 5,400
  • Price per foot $ 70.00
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 Westbrook Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Patrice Hayden
  • Party 2 Exotix
  • Party 2 Brokerage CBRE
  • Party 2 Broker Roshan Shah
notes
The London-based investment bank signed a 10-year lease for the entire 36th floor. The tenant will be relocating from 51 East 42nd Street.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 16,000
  • Price per foot $ 70.00
notes
The investment bank inked a 10-year lease for part of the third floor, which includes a private terrace. The company plans to relocate from its 31 West 52nd Street offices in the fall.
  • Event Office Leasing
  • Address 444 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 68,348
notes
The London-based fashion house signed a lease to relocate its U.S. headquarters. The deal includes naming rights to the building, which will have illuminated signage facing three directions. The company is moving from 1350 Sixth Avenue.
  • Event Office Leasing
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,000
  • Price per foot $ 68.00
notes
The financial services firm inked a seven-year lease for the entire 22nd floor
  • Event Office Leasing
  • Address 295 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,800
notes
The event-planning company inked a lease for the entire 36th floor.
  • Event Sales
  • Address 235 West 75th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 224,000
  • Price $ 109,120,000
  • Price per foot $ 487.14
  • Publication Date 12/01/2007
  • Event Date 10/22/2007
  • Party 1 AFA Asset Services
  • Party 2 Westbrook Partners
notes
The Upper West Side apartment building sold for $109.12 million, or $487 per square foot.
  • Event Sales
  • Address 90 Lexington Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 30,500,000
  • Price per foot $ 237.35
notes
The 128,500-square-foot property sold for $30.5 million, or $237.35 per square foot.
  • Event Sales
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 85,788,000
  • Price per foot $ 479,000.00
notes
The prewar building sold for $85.788 million, or $479,000 per unit.
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12/28/16
...StreetEasy. 3. The Standish  171 Columbia Heights Developer: DDG and Westbrook Partners Projected Sellout: $112.9 million Units: 50 Type: Conversion Developer DDG is joining forces with Westbrook Partners...

...of Fortress Investment Group, Atlas Capital Group and Westbrook Partners who purchased the property from long-time investor Eugene Grant — could get more aggressive about...

...marketing the space. Developer Joseph Moinian and partner Westbrook Partners bought the building in 2007 and emptied it of tenants to rehab it, but lost...
Brooklyn, 11211
Westbrook Partners, 223 NORTH 8 PARTNERS LLC
223 North 8th Street is a 71,473 square foot building in the Williamsburg...
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