 |
| Manhattan, NY development site, 140 West 28th Street |
 |
| Andrew Scandalios |
NEW YORK, NY – HFF announced it has closed the sale of 140
West 28th Street, an approximately 7,538-square-foot, mid-block development
site in the Chelsea neighborhood of Manhattan.
HFF
marketed the development site exclusively on behalf of the seller, Sovereign
Partners, LLC. The purchase price of
the site was $42.8 million.
The
development site is located at 140-144 West 28th Street between 6th and 7th
Avenues close to the Chelsea High Line, Chelsea Piers, Hudson River Park,
Herald Square and Penn Station.
 |
| Jose Cruz |
The
property is zoned for a maximum of 144,876 square feet of development rights.
The
HFF investment sales team representing the seller was led by senior managing
directors Andrew Scandalios and Jose Cruz, managing directors Jeffrey
Julien and Kevin O’Hearn and director KC Patel.
Sovereign Partners is a privately held real estate investment
organization that specializes in the acquisition of quality assets throughout
the United States.
 |
| KC Patel |
Sovereign’s real estate team draws on a deep knowledge of
real estate fundamentals and capital markets to acquire properties throughout
the country.
With interests in over six million square feet of property,
Sovereign Partners has demonstrated its ability to identify and finance
promising opportunities.
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 | www.hfflp.com
No comments:
Post a Comment