Commercial Real Estate & Advisory

Blue Man Group Sells New York Office Condo

By Joseph R. Harclerode | January 6, 2010

Infusion Development Buys Office Unit for $4.5 Million

Infusion Development acquired the fifth-floor, 10,000-square-foot office condo at the Ayer Building in New York, from Blue Man Productions for $4.5 million, or $450 per square foot.

The 12-story, 120,000-square-foot office building at 599 Broadway was built in 1917 and renovated in 1983. It is in the Soho submarket.

Lloyd Desatnick of Jones Lang LaSalle represented Infusion Development. CHRISTOPHER OWLES and MICHAEL GLANZBERG of Sinvin Realty LLC represented Blue Man Productions.

Please refer to CoStar COMPS #1790598 for more information on this transaction.