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MetLife nears deal for preferred equity stake in 498 Seventh Avenue

MetLife nears deal for preferred equity stake in 498 Seventh Avenue

MetLife is in advanced talks to take a preferred equity stake in George Comfort & Sons’ 498 Seventh Avenue, a Garment District office building where a health care union just signed one of the largest office leases of the year. The deal is for as much as $150 million in investment and would value the 25-story, 960,000-square-foot building at about $700 million, The Real Deal has learned. The landlord was seeking additional equity and debt […]


Source: realdeal

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