Jun
21
American Realty Capital Snaps Up NYC Office Building
ByThe 22-story asset was acquired from an affiliate of Blackstone Real Estate Partners VI.
1140 Avenue of the Americas, New York City
New York—American Realty Capital New York City REIT, Inc., (NYCR) has acquired 1140 Avenue of the Americas, an institutional-quality office property located in Midtown Manhattan for $180 million, from an affiliate of Blackstone Real Estate Partners VI L.P., exclusive of closing costs.
“This increases our portfolio to a total of six properties with an aggregate purchase price of approximately $700 million,” Michael Happel, NYCR’s CEO, president & secretary, said in a prepared release. “We remain active buyers and expect to continue growing our New York City portfolio.”…
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