NEW YORK CITY—Jamestown has acquired a 49% joint venture stake in the ownership of two Manhattan office properties, at 63 Madison Ave. and 200 Madison Ave.
The deal is reportedly worth $1.15 billion, or $710 per square foot, according to the Wall Street Journal. Parties to the deal declined to discuss the price of the transaction. Under the new partnership agreement,
George Comfort & Sons and Loeb Partners Realty together will retain a majority interest in the assets. Doug Harmon, Adam Spies, Adam Doneger and Josh King of Eastdil Secured acted as the exclusive financial advisors for the transaction.
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