NEW YORK CITY—The new partnership between Alchemy Properties and ABR Investment Partners has wasted no time getting to its first deal. The pair of investors—known as Alchemy-ABR—has acquired the leasehold interest in 211 E. 43rd St., in a joint venture with Clarion Partners. The buyers of the Midtown East office building, which features 211,000 square feet, declined to reveal the price of their purchase but they reportedly paid $99 million, according to the Real Deal.

The seller, Meadow Partners, was represented by a Fried Frank team led by real estate partners Janice Mac Avoy, Jonathan Mechanic and Ross Silver. It was unclear at press time who represented the buyers.

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