Source: The Real Deal

Olmstead Properties: JPMorgan and partners are looking to sell DKNY's Midtown office

JPMorgan Chase, Olmstead Properties and Jonathan Rose Companies are looking to sell a Midtown office building almost fully occupied by DKNY, sources told The Real Deal. The owners of the 12-story, 160,000-square-foot property at 240-248 West 40th Street in Midtown's Garment District are asking about $115 million, or north of $725 per square foot, sources said. Donna Karan's fashion label leases about 143,000 square feet of showrooms and backroom office space at the building, having [...]

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Est. Annual Revenue
$25-100M
Est. Employees
100-250
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