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.