Friday, June 09, 2006

Jones Lang LaSalle


660 Madison Avenue

The office building on top of Barney's at 660 Madison Ave. has been sold in an off-market transaction to Scott Lawlor's Broadway Partners for $220 million, or $863 a square foot.

The 255,000-square-foot building was purchased in November 2003 for $160 million by current sellers, the Brener Group of Beverly Hills, with Mermel & McClain, who have filled it with high-end high-rent-paying hedge funds. No comments all around.