NEW YORK CITY-The 2.3-million-square-foot office tower that houses Credit Suisse Group's US branch has hit the market. The Sapir Organization and CIM Group have hired CBRE Group Inc., a real estate services firm, to market 11 Madison Park for investors.
The ownership group is expecting to get more than $1.5 billion for the Art Deco building. Credit Suisse occupies nearly 80% of the 11 Madison building. Sapir Organization paid $675 million for 11 Madison in 2003. For the full story, go to Wall Street Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.