Global Holdings Grabs Manhattan Trophy Tower for $565MBy
New York—Global Holdings Management Group, run by Israeli billionaire Eyal Ofer, has closed on its $565 million purchase of 1250 Broadway, a 39-story, LEED Gold–certified office tower in Manhattan.
Global Holdings acquired the 645,977-square-foot building from Jamestown and Murray Hill Properties, with the aid of a $410 million loan from HSBC Bank. Jamestown and Murray Hill Properties had purchased the office tower from SL Green Realty in 2008 for $310 million. SL Green had owned the tower since 1999, when it paid $93 million for it. In 2011, the owners completed a renovation of the tower to attract more technology tenants…
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