Episode Details

BXP is selling the ground lease for 7 Times Square — a prime Manhattan office tower — for a staggering $700 million to $750 million, making it one of the rarest and most valuable office deals since 2020. Developed in 2004 and currently 91% occupied, the building boasts iconic billboards, premium amenities, and recent big tenants like Snowflake and KnitWell Group. With only nine office deals hitting this price tier since 2020, this sale signals strong demand for high-profile assets — even as the office market evolves. Marketing is handled by Eastdil Secured, who remain quiet but clearly confident in the property’s worth. Whoever buys it will be stepping into real estate history.

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