The two tower class A office building, located in the heart ofMidtown, consists of one 31-story building and one 43-storybuilding, with a 14-story mid-rise connecting both towers. Thebuilding was built in 1961 and split into the east tower and westtower seven years later. The complex houses an impressive, diverseroster of tenants that include Deutsche Bank, Credit Suisse FirstBoston, the National Football League and Investcorp. Investcorpoperates its US Real Estate, Private Equity, Hedge Fund, andTechnology Investment activities in 51,000 sf on five floors atthis location.
"This building, ideally located at the corner of 48th Street andPark Avenue in Midtown, offers tenants convenient access torestaurants, hotels, shopping, and public transportation, and iswithin a well-established corporate submarket where many of theworld's largest companies have chosen to locate their globalheadquarters or the base of their US operations," notes JonathanDracos, co-head of Investcorp's real estate group in a preparedstatement. "Our investment in this top-tier property is a perfectexample of how Investcorp works with 'best in class' operating andinvestment partners to acquire superior assets with an opportunityfor value enhancement." Dracos further explains that "with itsfully integrated acquisition, asset management, leasing andproperty management platform, Broadway is well-equipped to providethe expertise and oversight necessary to maximize return on thisimportant investment."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
