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Columbia Property Trust Sells Manhattan Office Property at a Loss

Century-Old Remodeled Building Remains Mostly Vacant After WeWork Canceled Lease
Columbia Property Trust has sold the recently renovated building at 149 Madison Ave. in Manhattan for $77 million. (Gensler)
Columbia Property Trust has sold the recently renovated building at 149 Madison Ave. in Manhattan for $77 million. (Gensler)
CoStar News
February 9, 2023 | 7:49 P.M.

Columbia Property Trust, which owns top-tier office properties in gateway cities from New York to San Francisco, said it sold a 12-story office building in Manhattan’s Midtown South market for $77 million, 12% less than what it paid.

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