ATLAS CAPITAL SNAGS OFFICE BUILDING ON WEST 43RD STREET FOR $62.4M

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NEW YORK CITY — Atlas Capital has acquired 311-319 West 43rd St., a 14-story office building between Eighth and Ninth avenues in New York City, for $62.4 million. The 185,000-square-foot building is fully occupied and home to several theater and design firms. Atlas may invest in improvements, bringing the Class B office space to Class A. However, the firm is also considering a full or partial residential conversion when leases expire. Peter Hauspurg, Brian Ezratty and Scott Ellard of Eastern Consolidated represented the seller, Zurbarry Associates. Ezratty also procured the buyer, who assumed the seller's mortgage in the form of a securitized loan.

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