New York REIT's Liquidation Continues With Four-Building Office Offering
Though they could still be sold as individual units, New York REIT is hoping to package 245-249 West 17th St., 218 West 18th St., 229 West 36th St. and 256 West 38th St. together for a sale that it estimates could be worth $700M, The Real Deal reports.
The offering boasts a couple of big-name tenants, with Twitter anchoring 245-249 West 17th St., having sublet 24K of its 140K SF to Major League Baseball. New York REIT bought the building in 2014 for $335M.
218 West 18th St. is the New York headquarters for Red Bull. The four buildings contain a total of 750K SF, and they are being marketed by Cushman & Wakefield.