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Real Estate Weekly

On The Scene: Sales

Published: 1/23/2013Source: Real Estate Weekly

Corcoran Wexler Healthcare Properties and CBRE sold the medical condo space, the Park Avenue Medical Arts Center, at 62 East 88th Street for $11.5 million to JS Acquisitions LLC. Paul Wexler of Corcoran Wexler and Edward Midgley, Timothy Sheehan and Daniel Kaplan of CBRE held the co-exclusive for seller S&H 88th Street Associates. The 19,000 s/f commercial condominium has a separate private entrance from the residences of 60 East 88th Street and a private elevator for the medical space. The new owner will be renovating the space and retrofitting offices for the specific needs of new medical tenants. Corcoran Wexler has been retained by IS Acquisitions as the exclusive leasing agent.

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