Details
Joint venture partner The Sapir Organization, LLC
Minority partner CIM Group LLC
Start Date 2011-00-00
End Date 2015-00-00
Is Current no
Goods 11 Madison Ave. New York
Notes A title document shows CIM Group paying $469,400,000 for 49% of 11 Madison Avenue. The massive 1,600,000 square foot property was bought by the Sapir Organization in 2003 for $675,000,000. It was sold to SL Green Realty for $2.6 billion in 2015 — which that year was the largest single-asset trade and at the time set a record the second-highest sale price for a U.S. office building.