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Divcowest Makes Buys Boston Properties' 540 Madison Avenue

by therealdeal.com posted 3weeks ago 10 views
California-based DivcoWest Real Estate Investments has expanded its footprint in New York with its second acquisition in the Big Apple. Divco bought Boston Properties’ 1970s-era office building at 540 Madison Avenue for $310 million, sources told The Real Deal. The purchase price works out to more than $1,050 per square foot for the 39-story, 291,000-square-foot tower at the corner of East 55th Street. A spokesperson for Divco, which focuses most heavily on tech-heavy markets like […]

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