NEW YORK CITY—Sherwood Equities and J.P. Morgan Asset Management have sold 370 Lexington Ave. to Tokyo-based Unizo Holdings for $247 million. The deal for the Class A, 313,000-square-foot building closed Thursday. HHF represented Unizo, Sherwood and J.P. Morgan in the transaction.

“The property at 370 Lexington Avenue, which was always attractive to tenants given its unparalleled location, has significantly appreciated in value following our repositioning of the building,” says Jeffrey Katz, the chief executive and principal owner of Sherwood Equities. “It is the ideal layout for smaller tenants who want access to Midtown’s amenities and transportation access, and we are pleased that Unizo recognized its uniqueness.”

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