Spear Street Capital Closes Sale of 315 PAS for $353.9M
Lauren Elkies Schram Jan. 14, 2015, 3:27 p.m.
Spear Street Capital has closed on the sale of 315 Park Avenue South to Columbia Property Trust for $353.9 million, according to property records.
The sale closed on Jan. 7 and appeared in city records today. The New York Post first reported when the 20-story, 330,000-square-foot-tower went into contract. Spear Street Capital bought the office building between East 23rd and East 24th Streets for $234.3 million in 2013.
Staples Copy and Print Shop is on the ground floor. Beverly Hills-based studio Relativity Media last year took space in the building for its first New York location, Commercial Observer previously reported. The studio signed a 10-year deal for the entire 16,874-square-foot second floor and was paying rent starting in the mid-$60s per square foot.
Eastdil Secured’s Douglas Harmon and Adam Spies represented both sides in the deal. Mr. Spies declined to comment.