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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.


These were the 10 biggest NYC real estate loans recorded in May
06/16/17
...Village is slated for a $1.7 billion redevelopment by Westbrook Partners and Atlas Capital Group and in May the partners were blessed with $300 million from...

Westbrook refis 1375 B’way with $230M loan
06/13/17
...and Westbrook's Sush Torgalkar UPDATED, June 13, 12:35 p.m.: Westbrook Partners refinanced its 513,000-square-foot office building at 1375 Broadway in the Garment District with a $230 million...

Landlord group was state’s biggest lobbying spender in 2016
06/08/17
...received the most from a single client in 2016. Westbrook Partners and Atlas Capital Group, under the name SJC 33 Owner 2015, paid the law firm roughly...

Savanna buying Midtown South office building for $126M
05/17/17
...up a 144,000-square-foot Midtown South office building from Westbrook Partners for $126 million, or $875 per square foot, sources told The Real Deal. The Midtown-based private...

Carlyle pays $218M for office condos at
866 UN Plaza
03/30/17
...real estate fund. Meadow was founded in 2009 by Westbrook Partners alums Jeffrey Kaplan and Timothy Yantz. It raised its first fund that same year...

Here’s what the $10M-$20M NYC investment sales market looked like last week
02/27/17
...-building portfolio that Normandy Real Estate Partners and Westbrook Partners sold in 2015 in a series of sales to multiple buyers. Applegrad, who has been...

Metropolitan Realty, TIAA team up for second LIC buy
02/08/17
...to make $35 million worth of infrastructure improvements. And Westbrook Partners teamed up with Innovo Property Group to buy a 650,000-square-foot commercial building at 24-...

The 10 most valuable Brooklyn condo filings accepted in 2016
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...

Fruchthandler family pays $31M for Flatbush building
12/27/16
...-02 49th Avenue for $195 million. The buyers were Westbrook Partners and Andrew Chung’s Innovo Property Group. Westbrook, with RXR Realty, also bought 47 Hall...

City Council signs off on redevelopment of St. John’s Terminal
12/16/16
...gave the final green light on Thursday to Westbrook Partners and Atlas Capital Group's proposed 1.7 million-square-foot redevelopment of the St. John’s Terminal, ending...

Westbrook, Largo sell new W’burg rental the Berkley for $69M
12/06/16
...th Street in Williamsburg UPDATED: Dec. 7, 11:28 a.m.: Westbrook Partners and Largo are cashing out on their development of the Berkley, a 95-unit Williamsburg...

Crossix inks 28K sf lease at Westbrook’s 1375 Broadway
12/06/16
...just inked a lease for 28,000 square feet at Westbrook Partners’ 1375 Broadway. Crossix is ditching its current location at 1001 Sixth Avenue, where the company currently...

Council subcommittee approves $100M Pier 40 air rights sale
12/05/16
...greenlight the air rights transfer, Crain's reported. Developers Westbrook Partners and Atlas Capital Group plan to buy 200,000 square feet of air rights from Pier...

RXR, Westbrook move forward with 47 Hall conversion
12/02/16
...credit: RXR) and Scott Rechler RXR Realty and Westbrook Partners are moving forward with their plan to convert over 500,000 square feet of warehouse space...

Key City Council vote on Pier 40 air rights set for next week
12/02/16
...money to repair the pilings under the pier. Westbrook Partners and Atlas Capital Group plan to redevelop the St. John’s Terminal into a...

Government Briefs: Hudson River tunnel project gets fast-tracked … & more
11/09/16
...Union reported. The City Planning Commission has approved Westbrook Partners’ and Atlas Capital Group’s purchase of $100 million worth of air rights from Pier...

HFZ completes $500M refi on four-building condo portfolio
11/08/16
...properties, which comprised 743 rental units, for $610 million from Westbrook Partners. The partners have since converted them into for-sale condominiums, and have sold about half...

Key component of St. John’s project could be majorly delayed
11/03/16
...forward, the local councilmember Corey Johnson said developers Westbrook Partners and Atlas Capital Group were apparently exploring a “hybrid plan” due to the choppy...

Corey Johnson wants to block potential sale of $140M in Pier 40 air rights
10/26/16
...proposed 1.7 million-square-foot project across from Pier 40 by developers Westbrook Partners and Atlas Capital. And this one could be a deal-breaker. The councilman wants to...

City plans to extend the South Village Historic District
10/20/16
...planned mixed-use complex nearby at 550 Washington Street. Developers Westbrook Partners and Atlas Capital Group need City Council approval for the 1.7 million-square-foot development they have...

Savanna nears deal to buy Falchi Building for $255M
10/20/16
...In other notable Long Island City office deals, Westbrook Partners and Andrew Chung’s Innovo Property Group paid about $300 per square foot for a...

City planning commission approves $100M sale of Hudson River Park air rights
10/17/16
...sell 200,000 square feet of air rights to developers Westbrook Partners and Atlas Capital Group for $100 million, allowing the developers to move ahead with their...

Westbrook, Atlas change plans for St. John’s redevelopment
10/10/16
...s Termina's elevated park UPDATED, 5:03 p.m., Oct. 10: Westbrook Partners and Atlas Capital Group are scrapping plans for big-box retail at the redevelopment of...

Westbrook wouldn’t let Clinton rent office space at 444 Madison
09/26/16
...shouldn't bank on a vote from executives at Westbrook Partners. The investment firm refused to let the presidential nominee sublease the 32nd floor of...

Normandy, Keystone to buy LIC dev site for $40M-plus
09/20/16
...as did the buyers. Also in the neighborhood, Westbrook Partners and Andrew Chung’s Innovo Property Group closed in July on the $195 million purchase...
Sush-Torgalkar
Sush Torgalkar
Westbrook Partners, COO
645 Madison Avenue, New York, NY
Sush Torgalkar runs the day-to-day operations of Westbrook Partners, a privately held real...
For more info, click here
  • Event Sales
  • Address 550 Washington Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2
  • Price $ 100,000
  • Price per foot $ 0.00
  • Publication Date 06/01/2017
  • Event Date 04/17/2017
  • Party 1 Hudson River Park Trust
  • Party 2 Westbrook Partners, Atlas Capital Group
notes
The Pier 40 air rights were bought for $100 million to supplement the St. John's Terminal Project.
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  • Event office Leasing
  • Address 1375 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 28,000
notes
The healthcare data analytics company signed a lease.
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  • 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.
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  • Event Office Leasing
  • Address 1375 Broadway
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 17,972
notes
The tech-focused job search firm signed a lease.
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  • 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.
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  • 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.
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  • 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.
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  • Event Sales
  • Address 550 Washington Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 1,100,000
notes
The property sold for an undisclosed amount.
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  • Event Sales
  • Address 10 Vermilyea Avenue
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 1,700
  • Price $ 38,000,000
  • Price per foot $ 22,352.94
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  • 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.
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  • Event Sales
  • Address East Village portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 130,000,000
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • Event Sales
  • Address 752-758 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,360,000
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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
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  • 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.
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  • 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.
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  • 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.
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  • 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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The 10 most valuable Brooklyn condo filings accepted in 2016
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...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...

Price relief for Midtown South?
...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...

Midtown sees rise of tech tenants squeezed out of adjacent Midtown South
...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...
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