FRIEDLAND BUYS COLONIAL RETAIL BUILDING FOR $141.5M IN NYC

NEW YORK CITY — Friedland Properties has purchased 706 Madison Ave., a 19,100-square-foot retail building in New York City, for $141.5 million. The colonial building is located on the Upper East Side and contains three levels above grade, a basement and sub-basement. Jon Caplan, Richard Baxter, Scott Latham and Yoron Cohen led the Jones Lang LaSalle team that represented the seller, BNY Mellon, in the transaction.