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    850 Third Avenue

    850 Third Avenue
    New York, NY 10022
    Office, Leasing/Rental
    • Address 850 Third Avenue
    • neighborhood Plaza District
    • borough Manhattan
    • owner Wu & Kao
    • owner entity SRI NINE 850 LLC
    • floors 20
    • Year Built 1960
    • commercial units 21
    • total units 21
    • square feet 574,675
    • block and lot 1-01306-0033
    • BIN 1036462
    • Event Sales
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Price $ 422,000,000
    • Publication Date 01/11/2019
    • Event Date 01/14/2019
    • Party 1 HNA Group
    • Party 2 Jacob Chetrit
    notes
    The buyer secured the Plaza District property for $422 million.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 190,000
    notes
    The marketing consultant signed a deal to renew its lease for the Plaza District building.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 27,000
    notes
    The investment management firm signed a deal to renew and expand its lease for the Plaza District space for an additional 12.5 years.
    • Event Financing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 574,675
    • Price $ 342,000,000
    notes
    The owner secured a loan of $342 million for its Plaza District property.
    • Event Sales
    • Address 850 Third Avenue
    • Neighborhood Midtown East
    • Borough Manhattan
    • Square feet 614,000
    • Price $ 463,000,000
    • Price per foot $ 754.07
    notes
    The office building was sold for $463 million.
    • Event Financing
    • Address 850 Third Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 614,000
    • Price $ 228,000,000
    notes
    The company secured a $210 million gap loan and an $18.2 million construction loan.
    • Event Retail Leasing
    • Address 850 3rd Ave
    • Neighborhood Greenwood Heights
    • Borough Manhattan
    • Square feet 32,000
    • Publication Date 02/01/2016
    • Event Date 12/23/2015
    • Party 1 Salmar Properties
    • Party 1 Brokerage CPEX Real Estate
    • Party 1 Broker Timothy King, Ryan Condren, George Danut, Keat Chew
    • Party 2 Saks OFF 5TH
    • Party 2 Brokerage Katz & Associates
    • Party 2 Broker Brian Katz
    notes
    The luxury department store signed a lease.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Grand Central
    • Borough Brooklyn
    • Square feet 50,000
    • Publication Date 01/01/2016
    • Event Date 11/17/2015
    • Party 1 Salmar Properties
    • Party 1 Brokerage Newmark Grubb Knight Frank
    • Party 2 Amazon
    notes
    The online retail company signed a seven-year lease. The size of the lease was not disclosed, but sources said it was likely between 50,000 and 100,000 square feet.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Turtle Bay
    • Borough Manhattan
    • Square feet 13,700
    • Price per foot $ 75.00
    notes
    The firm signed a lease.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Greenwood
    • Borough Brooklyn
    • Square feet 50,000
    • Price per foot $ 10.00
    • Publication Date 09/01/2015
    • Event Date 07/23/2015
    • Party 1 Salmar Properties
    • Party 1 Brokerage Newmark Grubb Knight Frank, Kalmon Dolgin Affiliates
    • Party 1 Broker Jeff Unger
    • Party 2 Koppers Chocolate
    • Party 2 Brokerage Pinnacle Realty
    • Event Retail Leasing
    • Address 850 Third Avenue
    • Neighborhood Sunset Park
    • Borough Brooklyn
    • Square feet 100,000
    notes
    The retailer signed a lease to occupy the second floor.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 39,000
    notes
    The radio broadcasting company signed a lease for the entire third floor.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 38,745
    notes
    The global law firm inked a five-year lease renewal on the third floor. The firm's main offices are located at 599 Lexington Avenue, where it occupies about 500,000 square feet.
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 23,149
    • Price per foot $ 50.00
    notes
    The Chicago-based law firm signed a 10-year lease for part of the 11th floor.
    • Event Sales
    • Building Name 850 Third Avenue and 65 East 55th Street
    • Address 65 East 55th Street
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 1,017,000
    • Price $ 930,000,000
    • Price per foot $ 914.45
    notes
    The San Francisco-based real estate company signed a contract for a 94.5 percent interest in the two office towers formerly owned by Macklowe Properties in a transaction valued at around $930 million. The majority stake in the 38-story building at 65 East 55th Street was purchased for $665 million, or $1,100 per square foot; the controlling interest in the 21-story property at 850 Third Avenue was bought for $325 million, or $530 per square foot. The remaining interest in the package is owned by developer George Klein and worth approximately $60 million. Park Avenue Tower.
    • Event Sales
    • Address 850 Third Avenue and 65 East 55th Street Avenue Tower
    • Neighborhood Midtown
    • Borough Manhattan
    • Price $ 930,000,000
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 11,858
    notes
    Outdoor advertising firm moves from 540 Madison Ave
    • Event Office Leasing
    • Address 850 Third Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 150,000
    notes
    Parent co. of Discovery Channel moves, expands from 641 Lex

    02/01/2017
    JLL also had a strong year, piling up 13 deals for its $3.2 billion total and jumping up one spot on the ranking. But its overall showing was boosted by one big deal: representing the Olayan Group and Chelsfield on their $1.4 billion Sony Building acquisition in June. Aside from that, JLL’s biggest deal was the $463 million sale of 850 Third Avenue...

    12/30/2015
    The retailer will span 30,000 square feet on the ground floor of the eight-story building at 850 Third Avenue, where Bed Bath & Beyond signed a lease for 120,000 square feet on the second floor in 2014...
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