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Morgan Stanley Selling 2 Park Avenue to Haddad Brands for $360M

Summary by Commercial Observer

Morgan Stanley is selling its 28-story office building at 2 Park Avenue for roughly $360 million to a children’s clothing manufacturer, Commercial Observer has learned. Haddad Brands is the buyer and will also occupy the 1 million-square-foot building’s office space, sources close to the transaction told CO. Newmark’s Adam Spies, Adam Doneger, Doug Harmon, Willis Robbins, Joshua King and Marcella Fasulo negotiated the sale on behalf of the sel…

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tjvnews.com

Haddad Brands Acquires Historic 2 Park Avenue from Morgan Stanley in $360M Deal

Haddad Brands Acquires Historic 2 Park Avenue from Morgan Stanley in $360M Deal Edited by: TJVNews.com Morgan Stanley is finalizing the sale of the historic 2 Park Avenue office building to Haddad Brands for approximately $360 million. According to recently published report in The Commercial Observer, this transaction marks a significant moment in New York City’s real estate market, as it reflects the evolving strategies of major property owners…

2 months ago

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