Rockwood Capital’s Christmas wish came true: it sold its Midtown office tower near Grand Central Terminal. But it may feel like a stocking of coal compared to previous offloading efforts. Sovereign Partners sealed the deal on a $273 million acquisition of 2 Grand Central Tower on Thursday, the Commercial Observer reported. The deal for the 667,000-square-foot property breaks down to $409 per square foot. This year, Rockwood put the property on the market, seeking a sale price of roughly $270 million. The last time the private equity investor tried to sell, back in February 2020 (shortly before the Covid-19 pandemic […]

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