October 2007
The Archives
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October 1, 2007Brooks Brothers Bldg. Sold for $137.5M
New York
Retail Brand Alliance purchased the Brooks Brothers flagship building located at 346 Madison Ave. in midtown Manhattan for $137.5 million, or approximately $1,000 per square foot. Retail Brand Alliance acquired the Brooks Brothers brand in 2001 from Marks and Spencer, a UK department store operator.Delivered in 1915, the 10-story Brooks Brothers building totals 135,000 square feet. The Brooks Brothers apparel chain has occupied the building, which is evenly split between office and retail space, since it was constructed.
Chesterfield Hill LLC, an entity of the Haft family, was the seller.
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