US·Acquisition·Office
Sovereign Partners contracts to buy 575 Fifth Avenue office tower for about $385M
Value
$385M
Location
New York, New York County, New York
Date
2026-04-13
Companies
Sovereign Partners, Beacon Capital Partners, MetLife
The pending acquisition places a new buyer in control of a large Midtown office tower at the corner of East 47th Street and Fifth Avenue, with pricing reportedly below initial marketing expectations.
officeacquisitionmanhattannew-york-city
Source
Commercial Observer