AmTrustRE to Acquire 260 Madison Avenue for $217M
AmTrustRE is in contract to acquire the 22-story office building at 260 Madison Avenue for $217 million.
The property management company plans to invest $60 million to $70 million to reposition and boost occupancy at the 1950s-era office building.
- Current occupancy: 68 percent leased
- Office tenants:
- 1-800 Accountant
- Household Staffing Agency
- McLaughlin & Stern
- Khunkhun Law
AmTrustRE aims to add another office building to its Manhattan portfolio.
AmTrustRE is about to add another office building to its Manhattan portfolio.
Author's summary: AmTrustRE acquires 260 Madison Avenue.
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