Kodansha USA Publishing, a renowned Japanese publishing and comic book company, has recently acquired a prime office building located at 25 East 22nd Street in the bustling Flatiron district. The transaction was finalized at $27 million, equivalent to an impressive $1,571 per square foot.
Formerly occupied by three nonprofit organizations and once serving as Nike’s headquarters, this property boasts modern amenities such as an elevator, event hall, meeting rooms,lounges,private offices,and conference rooms. Additionally,it also features fully-equipped kitchens and outdoor roof decks for added convenience.
The seller of this prestigious property was represented by Cushman & Wakefield’s esteemed team of real estate experts including Craig Waggner,Joh Ciraulo Jack Stephen Carri Lyon,and Mark Mandell.”David Chiu,the visionary behind international clothing brand Nautica,gut-renovated the building to transform it into its current state,” stated Ciraulo.”Notable renovations include the addition of two top floors which initially served as Mr.Chiu’s stunning pied-à-terre apartment before being converted into magnificent office space with access to beautiful outdoor terraces.”
This recent acquisition marks another significant milestone for Kodansha USA Publishing in expanding their presence within Midtown Manhattan.The post “Japanese Publishing House Buys Midtown Townhouse for $27M” originally appeared on Connect CRE.
