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Jones Lang LaSalle (“JLL”) has been exclusively retained to sell the leased fee interest (the “Property”) in 675 Avenue of the Americas (“675 AoA”). The Property is encumbered by a short term leasehold with improvements consisting of a fully leased, Class A mixed-use loft office and retail building. The near-term leasehold expiration provides prospective investors the rare opportunity to acquire a controlling position in a highly coveted asset within Midtown South, one of the nation’s most desirable and supply-constrained submarkets, at a compelling basis with secure in-place cash flow and significant embedded upside potential.
- Coveted Fee Position with Near-Term Leasehold Takeover
- Future Value Creation via Repositioning Opportunity
- Prime Midtown South Avenue Location