10-12 E. 33rd St. 10-12 E. 33rdSt.

NEW YORK CITY—Dalan Management sold two adjoining 12-story,boutique office buildings in Midtown South's NoMad district at10-12 E. 33rd St., in which it owned a majority interest, to itsjoint venture partnership with Marcus Partners for $54.5 million.Following the transaction, Dalan maintained a minority interest inthe asset.

The buildings each contain approximately 35,000 square feet with2,000 square feet of retail on the ground floor. Designed byCharles I. Berg, 10 E. 33rd St. was constructed in 1908. Designedby Walter E. Thompson, 12. E. 33rd St. was built in 1910. In 2015,Dalan completed a renovation and modernization of bothstructures.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.