With Invesco, Monday Recaps 230 Park Ave.

NEW YORK CITY-Monday COO Brian Robin tells GlobeSt.com's Carl Gaines he hopes the $760-million deal will be the start of a long-term collaboration.

By Carl Gaines | Updated on June 10, 2011

NEW YORK CITY-Monday Properties has recapped 230 Park Ave. with Invesco Real Estate, a unit of Invesco Ltd. The off-market deal, at $760 million, allows Monday’s previous partner in the building, Goldman Sachs’ private equity Whitehall Real Estate Funds, to transition out.

Monday has managed the building since 1998 and will continue to do so. It purchased the landmark 230 Park Ave. in 2007 for $1.2 billion.

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