{"id":1004366288,"date":"2019-11-06T08:40:30","date_gmt":"2019-11-06T16:40:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004366288"},"modified":"2019-11-06T08:43:32","modified_gmt":"2019-11-06T16:43:32","slug":"vanbarton-group-finalizes-126m-manhattan-mid-rise-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/","title":{"rendered":"Vanbarton Group Finalizes $126M Manhattan Mid-Rise Sale"},"content":{"rendered":"
\"\"<\/a>

45w45. Image via Google Street View<\/i><\/p><\/div>\n

AFIAA has completed the $126 million acquisition of 45w45, a 133,500-square-foot office and retail asset in Manhattan. The seller was Vanbarton Group, according to Yardi Matrix. Allianz originated $52.2 million in financing for the buyer. Vanbarton Group had acquired the property from Samson Management for $81 million in early 2015.<\/p>\n

The recently completed sale was first announced in July, though full terms had not been disclosed.<\/p>\n

Located at 45 W. 45th St. in Manhattan\u2019s Plaza District, the 17-story mid-rise is three blocks north of Bryant Park. The property is half a mile from the Coca-Cola Building, which changed hands in September as the largest Manhattan office deal<\/a> of 2019. Grand Central station is also within a half mile.<\/p>\n

45w45 was built in 1923 and contains a 121,155-square-foot office component above 16,345 square feet of retail space. The property\u2019s tenants include The Atlantic Group and Guinness World Records. Coworking firm Knotel is one of the largest tenants, occupying 35,292 square feet under a 10-year lease which began in January, per data from Yardi Matrix. In 2018, Vanbarton finished extensive property renovations, with a total cost of $12 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Allianz provided the institutional buyer with more than $52 million in acquisition financing for the 137,500-square-foot office asset.<\/p>\n","protected":false},"author":861,"featured_media":1004366291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,1600,21742,10,21747],"tags":[35129,36612,36351,32823],"class_list":["post-1004366288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-afiaa-foundation","tag-allianz-real-estate","tag-capital-improvement","tag-vanbarton-group"],"acf":[],"yoast_head":"\nVanbarton Group Finalizes $126M Manhattan Mid-Rise Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vanbarton Group Finalizes $126M Manhattan Mid-Rise Sale\" \/>\n<meta property=\"og:description\" content=\"Allianz provided the institutional buyer with more than $52 million in acquisition financing for the 137,500-square-foot office asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-06T16:40:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-06T16:43:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/45w45.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/\",\"name\":\"Vanbarton Group Finalizes $126M Manhattan Mid-Rise Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/45w45.jpg\",\"datePublished\":\"2019-11-06T16:40:30+00:00\",\"dateModified\":\"2019-11-06T16:43:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vanbarton-group-finalizes-126m-manhattan-mid-rise-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/45w45.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/45w45.jpg\",\"width\":800,\"height\":620,\"caption\":\"45w45. 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