Rockrose Closes on $105M Acquisition at the Madison Square Bldg

Source:  CoStar

Rockrose Development Corp. has acquired the commercial portion of the Madison Square Bldg. at 15 E. 26th St. in New York City from Savanna Real Estate Fund for $105 million, or about $700 per square foot. The 150,000-square-foot boutique commercial office space is part of the larger 20-story, 330,000-square-foot, 4-Star, mixed-use property with ground-floor retail and residential above. Developed in 1920 by Henry Corn with Maynicke & Franke architects...

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