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)