Investcorp Acquires Interest in Two Office Buildings in Manhattan for $156M

NEW YORK CITY — Investcorp has invested in two office buildings in Manhattan’s Garment District for a total purchase price of $156 million. Located at 229 W. 36th St. and 256 W. 38th St., the properties are fully leased to a diverse roster of more than 20 long-term tenants. Combined the properties offer approximately 267,000 square feet of office space. As part of the transaction, Investcorp has entered into a joint venture with Brickman, a New York-based owner/operator. Brickman maintains a joint venture investment in the properties and will serve as the leasing and management agent.