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Acquisitions

BEB Capital buys 22 West 38th Street

Source: Google Maps

The Brodsky family’s BEB Capital + the Modell family have acquired 22 West 38th Street from Dalan Management for $60.5 million. The Garment district office building spans 60,000 SF, and contains a ground-floor retail unit, according to TRD

Worth Noting: Co-working company Knotel leases 35,286 SF at the building. 

1031 exchange: Modell’s sold an industrial property at 1500 Bassett Avenue in Morris Park to Realterm Logistics for $115 million in January. The Bronx warehouse and distribution center spans 366,000 SF. 

Flashback: Dalan paid $43.5 million for the building in 2015. (TRD)

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