A joint venture between Dallas-based Invesco Real Estate and New York-based Kaufman Organization has closed on the purchase of 100-104 Fifth Ave. in New York City for $93.5 million, or $340 per square foot, in a pre-petition bankruptcy auction under court-appointed management.
The building was sold from the now-bankrupt Rock Joint Ventures, led by UK entrepreneur Paul Kemsley. Rock Joint Ventures purchased the building in 2008 for $152 million, or $553 per square foot, according to CoStar data. ...
... Woody Heller, executive managing director and head of Studley's Capital Transactions Group, along with Will Silverman, corporate managing director at Studley, represented the seller.
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