Pembrook Sells NY Property To PE Group For $93M

Law360, New York (December 20, 2011, 7:56 PM EST) -- Commercial real estate investment firm Pembrook Capital Management LLC has sold a commercial office building in New York for $93 million to an unnamed private equity fund group, Pembrook announced Tuesday.

Pembrook said it signed a contract to sell the property at 511 West 25th St. in Manhattan, located next to High Line Park, on Dec. 16. The transaction is expected to close in the first quarter of 2012.

Though the identity of the buyer was not disclosed, it is reportedly a group fund run by...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.