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Acquisitions

Extell acquires 1855 Broadway

1855 Broadway (Credit: NYIT)

Extell has entered into a contract to acquire 1855 Broadway from the New York Institute of Technology (NYIT) for around $90 million, according to TRD. This property is located at the corner of Broadway and West 61st Street allows for the development of 78,234 square feet. 

  • Be Smart: Gary Barnett is stitching together a site north of Columbus Circle. He already owns 17 West 60th Street, which allows for the development of 76,525 square feet.
  • Worth Noting: The deal will close when NYIT finalizes its plans to relocate its campus.
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