Walnut Hill Group has sold a Chelsea office building for $15 million more than they paid for it less than two years ago.
The property was purchased by private equity firm Westbrook Partners for $80.775 million, according to public records.
The San Francisco-based Walnut Hill investment company first purchased the 12-story building at 31 West 27th Street in July of 2012 for $65 million from Soho Properties CEO Sharif El-Gamal.
El-Gamal gained notoriety in 2010 when he attempted to build Park51, a planned Islamic cultural center, near the World Trade Center site.
The building, in the booming tech-friendly area of Midtown South, between Broadway and Sixth Avenue, was purchased by El-Gamal back in 2009 for $45.7 million. Studley’s Woody Heller, Will Silverman and Eric Negrin represented Walnut Hill in the transaction.Westbrook makes $80M Chelsea purchase
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