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Nearly 100% Occupied Midtown Office Tower Trades

NEW YORK CITY—Located on West 35th St., the property’s new owners are bullish about its close proximity to Penn Station, Hudson Yards and Manhattan West.

240-246 w. 35th st The purchase of 240-246 w. 35th St. marks ATCO Properties’ first acquisition in the Garment District.

NEW YORK CITY—ATCO Properties & Management closed Tuesday on its purchase of 240-246 W. 35th St., an 18-story building in Midtown, for $108 million. The 165,000-square-foot office property was sold by RPW Group, a Westchester County-based firm.

Close to Penn Station and Herald Square, the Garment District’s building is 96% occupied. Its tenant roster includes firms such as Cablevision-owned media group Newsday; fashion designer Jason Wu; men’s fashion and eyewear designer Thom Browne; technology company Fidelus Technology; foreign language school Spanish American Institute and high-end bridal designer Reem Bridal. The office tower is between Seventh and Eighth avenues, an East-West corridor between Hudson Yards and Midtown.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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