Madison Realty Capital has parted with its industrial-to-office conversion in Sunset Park. Nightingale Properties paid $84 million for the Whale Square office building, property records show. Madison bought the 500,000-square-foot property at 14 53rd Street for $82.5 million in 2015, when investors were looking to convert Brooklyn industrial properties. Under Madison’s ownership, the former torpedo factory was repositioned to include a fully renovated lobby, new elevators and windows, according to LoopNet. Nightingale has also assumed
source https://therealdeal.com/2020/10/19/nightingale-buys-whale-square-in-sunset-park-for-84m/
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