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Artemis buys 511-541 West 25th Street

511-541 West 25th street (Credit: L&L Holding Company)

Artemis Real Estate Partners has acquired a 95 percent stake in 511-541 West 25th Street from PGIM Real Estate. The deal values the three connected office buildings at $163 million, according to TRD.

Dig Deeper: The West Chelsea office complex spans a total of 194,000 square feet, and is 93 percent leased. Tenants include WeWork (60,000 square feet), Target, and BPCM.

Flashback: PGIM partnered with L&L Holding to acquire the asset in 2014 for $160 million. L&L is retaining its 5 percent stake.

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