FRANKFURT-Madison International has acquired asignificant interest in Frankfurt's Trianon Tower– a stake previously held by Morgan Stanley P2Value. According to a statement, Madison will take onnearly 60% of the office property and enter the joint venture withMorgan Stanley Eurozone Office Fund which will retain itsapproximately 40% share. The interest cost Madison $122M – or92 million Euros – for this portion of the 85%-leased building,managing director at Madison International Realty Derek Jacobsonreveals.

“This is the perfect scenario for Madison where we couldpurchase a fractional otherwise illiquid interest against acore-quality real estate asset,” Jacobson said of thetransaction.

The Trainon Tower stands at 866 meters, according to a release,and has 47 floors. It has approximately 74,2709 square feet ofspace and the current anchor tenant is DekaBank. The building isalso in the midst of LEED certification and itwill be among the first in Germany to receive the designation oncethe process is complete.