REBusinessOnline

MEPT, Cove Property Group Acquire 476,000 SF Office Property in Manhattan

NEW YORK CITY — Multi-Employer Property Trust (MEPT), advised by Bentall Kennedy Limited Partnership, and Cove Property Group have acquired Two Rector Street, a 26-story office property located in Manhattan’s financial district. CIM Group and Kushner Companies sold the 476,000-square-foot property for an undisclosed price. The buyers plan to renovate and reposition the building as a Class A office property. Once renovated, the building is expected to cater to technology, advertising, media and information tenants as well as traditional finance, insurance and real estate tenants.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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