Savills arranges sale for Lafayette Avenue, LLC

Bronx, NY Savills Capital Markets represented Lafayette Avenue, LLC in the sale of the land underlying the Banknote Building.

“We provided Lafayette Avenue with transaction structuring advice and a comprehensive marketing process identifying highly qualified buyers from outside the U.S., 1031 investors and traditional institutional investors,” said Savills vice chairman Michael Rotchford, who co-leads Capital Markets and structured the deal.

Lafayette Avenue, LLC is a joint venture between Perella Weinberg Partners Capital Management’s Asset Based Value Strategy and Madison Marquette. 

The owners have a well-deserved reputation for making high quality real estate investments.

Savills Capital Markets focuses on using real estate assets to maximize value for its clients globally. The firm’s experts leverage a collective background in real estate, tax, accounting and investment banking to develop innovative solutions for their clients.