NEW YORK CITY-GLL Real Estate Partners, a real estate investment firm based in Germany, has paid $96.5 million last month for 4 Columbus Circle, an office building spanning 135,000 square feet on the corner of Eighth Avenue and West 58th Street. The property was sold by Cerberus Capital Management.
The eight-story office building, constructed in 1989, is presently 86.5% leased. Steelcase Inc. is occupying nearly 76,000 square feet at 4 Columbus Circle. Cerberus bought the building in 2006 for $82.9 million. For the full story, go to Crain's New York Business .
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