NEW YORK CITY- Real estate investment firms The KaufmanOrganization and AXA Investment Managers have planted the flag inMidtown South, deploying $200 million in acquisitions, whichinclude two office properties. The acquisitions include 56West 22nd St. for $48.5 million and 40 West 25th St., which thejoint venture purchased last year.
Consistent with their value-addstrategy, AXA and Kaufman will undertake a significant capitalimprovement program to renovate and reposition 56 West 22nd St.Kaufman will lead the execution of the capital improvement programand subsequent management and leasing at theproperty.
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