BXP sells equity stake in 343 Madison development
BXP keeps pushing forward with its latest Manhattan office project, bringing in Edmond Safra’s AVRS Partners as an equity partner in the development. AVRS Partners bought a 10.6 percent equity stake in 343 Madison Avenue, Bisnow reported. The Midtown Manhattan office project comes with a $2 billion price tag. The equity infusion gives BXP more financial flexibility, according to a release on the deal. Owen Thomas’ firm is leaving the door open for more equity deals in the future. “BXP has been a valued partner to my family for more than a decade,” Safra said in a statement regarding the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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