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Invesco Acquires 130 Prince Street Property
130 Prince Street, which Waterman Interests and JP Morgan Asset Management-advised investors bought in 2007 for $112 million, has sold to Invesco Real Estate five years later for $140.5 million. The...
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City National Bank Moving into Former Syms Park Avenue Space
City National Bank is taking the 45,000 square feet of the Park Avenue space that was formerly occupied by Syms Clothing. The Los Angeles-based bank signed a 15-year lease for a combination of office...
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Kaufman Organization Tapped as Building Managers for 130 Prince
The Kaufman Organization has been tapped as the building manager for 130 Prince Street, a Soho property it previously owned before it sold it to Waterman Interests and J.P. Morgan Asset Management for...
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Collaborative Master Lease Deal at 400 Park Avenue
Waterman Interests has signed a 75-year master lease at 400 Park Avenue, it was announced yesterday. Waterman, owner of the leasehold, struck the deal with Benenson Capital Partners, owner of the land....
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City National Bank Debuts New 44,000-SF Branch at 400 Park Avenue
City National Bank opened a 44,000-square-foot branch at 400 Park Avenue yesterday, a big step for the Midtown building as it nears the end of extensive renovations. The 21-story property's new...
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Family Value: Jim Stifel of Benenson Capital Partners
Despite more than a century of history in real estate investment, Benenson Capital Partners continues to fly under the radar in the industry. But having closed a 75-year master lease at 400 Park Avenue...
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Ceruzzi Properties Expands at 400 Park Avenue Less Than a Year After Moving In
Developer Ceruzzi Properties is enlarging its Midtown offices by nearly 50 percent to 15,591 square feet, Commercial Observer has learned, not even a full year after moving into its space. “We just...
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Los Angeles-Based Bank More Than Doubles Park Avenue Offices
City National Bank signed an early renewal and expansion for an additional 35,929 square feet in the 21-story office and retail building at 400 Park Avenue, Commercial Observer has learned. The deal...
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International Cosmetics Brand Doubling Size in Relocation
Six months after Waterman Interests and USAA Real Estate purchased 142 West 36th Street, the landlords will welcome two new tenants totaling more than 11,000 square feet of space in the 17-story office...
View ArticleMeridian Arranges $51M Bank of America Refi for 400 Park Avenue
Meridian Capital Group has secured $51 million in financing for the leasehold position of 400 Park Avenue on behalf of landlord Waterman Interests, Commercial Observer can first report. Bank of America...
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