Clarion pays $230M for Kaufman’s Midtown South building
June 5, 2013

Real estate investment manager Clarion Partners, LLC just announced the acquisition of 100-104 Fifth Avenue for $230 million...

The sale was handled by Studley’s Capital Transaction Group...

“After repositioning, rebranding and leasing the property, our partnership decided that this was the right time to sell 100 – 104 Fifth Avenue and that Studley was
the right firm to market it. The Midtown South market is active and we believe that investors from across the country want to own here. This sale marks one of the largest deals in the neighborhood so far this year,” said Fred Leffel of Kaufman Organization.

“We’re happy to still lend our expertise to the building by staying on as the leasing and managing agent.”

Added Woody Heller of Studley, “The interest in Midtown South properties among institutional investors has grown exponentially over the last several years. This is entirely justified by the appeal of the area and spaces to many of the city’s fastest-growing tenants.”