NEW YORK – Oct. 22, 2024 – Global law firm Greenberg Traurig, LLP represented Extell Development in its acquisition of a 24-story office building on Madison Avenue in Midtown Manhattan for nearly $160 million.
Built in the 1950s, the 233,323-sq.-ft. property is located at 655 Madison Ave., near the southeast corner of Central Park. Williams Equities was the seller.
Greenberg Traurig Vice Chairman Robert J. Ivanhoe led the deal team representing Extell. He was assisted in the transaction by New York Real Estate Shareholders Josh Farrell and Karen L. Geringer.
Based in New York, Ivanhoe serves as senior chairman of Greenberg Traurig’s Global Real Estate Practice and is co-chair of the REIT Group. He advises clients in sophisticated real estate structures, financings, workouts, restructurings, acquisitions, and dispositions across the full spectrum of property asset classes. He has represented owner/developer and institutional lender/investor clients domestically and internationally for more than 30 years.