Namdar Realty buys 250 W 57th St in Manhattan for $280M

Namdar Realty Group purchased 250 West 57th Street in Midtown Manhattan from Empire State Realty Trust for $280M. The property is an approximately 540,000 square foot office building with ground-floor retail anchored by T.J. Maxx. GlobeSt reported the transaction implied a discount versus the initial asking price.