NEW YORK CITY-Rockpoint has inked a deal worth $280 million to acquire an 80% interest from Prudential Real Estate in a 25-story Times Square South building spanning 740,000 square feet at 1440 Broadway. The deal will recapitalize the property spanning 740,000 square feet at approximately $350 million. Eastdil Secured's Adam Spies and Doug Harmon have handled the sale of the stake.
Partner Monday Properties will remain the manager and leasing agent of the building that accommodates Razorfish, Macy's and Liz Claiborne as tenants. For the full story, go to New York Post .
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