RFR Sells 95 Morton to Meadow Partners for $288M
By Celia Young July 12, 2022 4:31 pm
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Meadow Partners bought the eight-story office building at 95 Morton Street for $288.2 million from RFR Realty, according to property records made public with the city Tuesday.
Aby Rosen and Michael Fuchs’ RFR sold the property for about $82 million more than it paid for it in 2017, when it purchased the 215,000-square-foot building from Brickman, Commercial Observer previously reported. Meadow closed on the sale on June 28, according to public records.
Meadow secured $155 million in debt from Deutsche Pfandbriefbank to purchase the property, according to property records.
The West Village building between Washington and Greenwich streets was built in 1911 and is home to PayPal, Venmo and the sports e-commerce company Fanatics, which leased more than 75,000 square feet in January. Fanatics’ deal brought the property to 100 percent leased just under six months before the sale closed.
Meadow Partners, RFR and Deutsche Pfandbriefbank did not immediately respond to requests for comment. Walker and Dunlop‘s Aaron Appel, Keith Kurland, Jonathan Schwartz, and Adam Schwartz brokered the financing for Meadow.
Update: This story has been updated to correct that Deutsche Pfandbriefbank provided financing to Meadow Partners, that the amount was $155 million, and to include the brokers of the debt.
Celia Young can be reached at cyoung@commercialobserver.com.
