Investcorp, the Bahrain-based bank has formed a joint venture with Brickman to buy a two office buildings in the Garment District. The duo paid $155 million for the assets to the owner, New York REIT, or just under $575 per sqf. The two buildings, 256 West 38th Street and 229 West 36th Street, total 270,000 square feet. The deal was finalized with an $85 million mortgage provided by MetLife. Cushman & Wakefield’s Doug Harmon, Adam Spies, Adam Doneger and Kevin Donner represented the seller in the sale.
