NEW YORK CITY-Sherwood Properties has put another of its West Side assets on the market for sale.
The firm, along with partner, Paramount Group, is marketing its 440 Ninth Ave. office building for sale. The owners of the 18-story, 400,000-squqare-foot office building have hired CBRE Group brokers Darcy Stacom and William Shanahan to market the property located on the corner of West 35th Street. Paramount holds the controlling stake in the property. Paramount and Sherwood acquired the building in 2008 for about $160 million.
Earlier this month, Sherwood sold vacant land near the West Side rail yards for a considerable profit, according to Crain's New York Business. Sherwood purchased the site from Barclays Bank two years ago for more than $40 million. Last week, Sherwood arranged to sell the land to Frank McCourt, the former owner of the Los Angeles Dodgers, for $167 million. See story in Crain's New York Business.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
