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Sale of 575 Fifth Avenue Office and Retail Property

Sector: Residential • Location: New York, United States

Source: The Real Deal

Project
Planned For Sale

Beacon Capital Partners and MetLife are attempting to sell their 40-story office tower at 575 Fifth Avenue, including a 500,000-square-foot office condominium and a 40,000-square-foot retail condominium. The building is 87 percent occupied and is listed for over $400 million, similar to the price when it was last listed in 2022. The sale is managed by Eastdil, with Gary Phillips and Will Silverman

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Project Information

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The project “Sale of 575 Fifth Avenue Office and Retail Property” is an infrastructure initiative in the Residential sector, located in New York, New York, United States. Taiyo aggregates data on it from The Real Deal.

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Participants

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planned for sale

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Description

Description

Beacon Capital Partners and MetLife are attempting to sell their 40-story office tower at 575 Fifth Avenue, including a 500,000-square-foot office condominium and a 40,000-square-foot retail condominium. The building is 87 percent occupied and is listed for over $400 million, similar to the price when it was last listed in 2022. The sale is managed by Eastdil, with Gary Phillips and Will Silverman overseeing the process.

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High

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