December 14, 2018
Clarion Partners has acquired 114 W. 41st St. from Blackstone’s EQ Office. An NKF team of James Kuhn, Edward Maher, David Colen and James Tribble of NKF’s New York Capital Markets team arranged the $282-million sale on behalf of EQ Office.
“114W41 offers modern, collaborative office space with an urban feel, directly appealing to the new breed of cutting edge, fast-growing TAMI tenants that are currently flocking to Bryant Park,” said Maher. “The asset further benefits from unobstructed views of Bryant Park, which is one of the busiest public spaces in the world.”
Totaling 349,274 square feet, the 22-story 114W41 has benefited from nearly $30 million in recent capital improvements. It’s currently 91% leased to 13 office tenants and several street-level restaurants, with major users including Roku, Quartet Health, View the Space (VTS), Kensington Publishing, SpotCo and Guess?’ New York headquarters.
NKF will continue to lease 114W41 for Clarion.
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