600 Third Avenue (Credit: L L Holding)
A partnership led by BlackRock is gauging buyer interest in its office building at 600 Third 上海千花社区
BlackRock has a 95 percent stake in the building, and L L Holding Company owns the remainder. BlackRock is now approaching possible buyers, Real Estate Alert reported. However, it’s not known how much of its stake the firm wants to sell.
Last year, BlackRock and L L hired Eastdil Secured to begin shopping a 49 percent interest in the building, an attractive stake for foreign investors because majority stakes result in significant capital-gains taxes. The stake was to come from BlackRock’s share, as L L does not want to sell.
L L picked up its stake in 600 Thir上海龙凤论坛
The building spans 575,000 square feet, and is worth $700 per square foot, or $403 million, Real Estate Alert reported, citing industry sources.
In 2014, chef Danny Meyer signed a 15-year lease there for his burger chain Shake Shack. The largest tenant in the building which is nea爱上海同城
(To view more of Blackrock s commercial sales transactions, click here)
Tags: blackrock, Commercial Real Estate, L L Holding Company We are having some上海龙凤论坛sh1f
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