Extell snaps up Midtown office building long rumored to be part of assemblage

Gary Barnett has closed on an office building he was long rumored to be buying for his latest Midtown assemblag Barnett’s Extell Development bought the 73,000-square-foot building at 110 East 55th Street for $65 million from Parkoff Organization, according to property records. The office building is the latest piece of the massive development project Barnett is stitching together on Park Avenue. In May, Barnett paid $500 million to buy the development site at 405-417 Park Avenue, which is adjacent to the 19-story Parkoff building. The company also bought air rights from the Central Synagogue for $20 million. A few weeks […]

This article originally appeared on The Real Deal. Click here to read the full story.