Kaufman Org. Recaps Midtown South Office Portfolio

One of the four Midtown South office buildings recapitalized by the Kaufman Organization was 19 W. 24th St.

NEW YORK CITY—In a joint venture with an affiliate of China Orient Asset Management Holding Ltd., The Kaufman Organization has recapitalized its Madison Square portfolio, four office buildings throughout the NoMad and Flatiron Districts in Midtown South. The strategic recapitalization of the 352,658-square-foot portfolio reorganizes the ownership structure for the long-term future.

“We are excited to have China Orient join us as a partner for Madison Square Portfolio, as this highly successful transaction will take the Midtown South office buildings to the next level,” says Fredric Leffel, president of Kaufman New Ventures. “Now that capital improvements for the portfolio have been completed, we look forward to bringing the portfolio to successful fruition.”