Thursday, November 5, 2015

HFF closes sale of 370 Lexington Avenue in Midtown Manhattan, NY

Eric Anton
NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 370 Lexington Avenue, a 295,016-square-foot office building with ground floor retail space in the Grand Central submarket of Midtown Manhattan.

HFF marketed the property widely to both domestic and international investors on behalf of the seller, a venture between institutional investors advised by J.P. Morgan Asset Management and Sherwood Equities. 

370 Lexington Avenue is located on the corner of East 41st and Lexington just one block from Grand Central Station.  This Midtown Manhattan location is close to the Park Avenue Corridor, Bryant Park, Midtown South, the United Nations and the First Avenue Medical Corridor.

 Originally built in 1928, 370 Lexington features 27 stories of office and ground floor retail space that is 99 percent leased to a diverse roster of tenants including professional services, TAMI (technology, advertising, media and information technology firms), United Nations, and FIRE users.

The HFF investment sales team representing the seller was led by senior managing directors Andrew Scandalios and Eric Anton and director David Fowler.

“With an influx of foreign buyers widening the buyer pool and increasing competition for Class A assets such as 370 Lexington, it was no surprise that the property ultimately sold at a record breaking price per square foot,” said Scandalios.  “This is the foreign investor’s fifth purchase in Manhattan in a little over two years.”

  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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