Deals
Helmsley Building Up for Sale in NYC, May Fetch $1.1 Billion
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The Helmsley Building, a landmark office tower that straddles Park Avenue just north of Grand Central Terminal in New York City, is up for sale and may fetch more than $1.1 billion.
The 1.4 million-square-foot (130,000-square-meter) skyscraper is being put on the market by Invesco Ltd. and Monday Properties, said Darcy Stacom, vice chairman at CBRE Group Inc., which is representing the owners. South Korea’s National Pension Service also has a stake in the building, according to Real Capital Analytics Inc., a company that tracks property sales.