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Deals & Dealmakers

Savills arranges sale of land underlying Bank Note Building

The Bank note Building

Savills Capital Markets represented Lafayette Avenue, LLC in the sale of the land underlying the Banknote Building in The Bronx earlier this month.

“We provided Lafayette Avenue with transaction structuring advice and a comprehensive marketing process identifying highly qualified buyers from outside the United States, 1031 investors and traditional institutional investors,” said Savills Vice Chairman Michael Rotchford, who co-leads Capital Markets for the firm and structured the deal.

Lafayette Avenue, LLC is a joint venture between Perella Weinberg Partners Capital Management’s Asset Based Value Strategy and Madison Marquette.

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