Sovereign Partners
747 Third Ave, 37th Floor, New York, NY 10017
People:
Sovereign Partners portfolio
$303.9 million* – office 70%, condo 29%; Manhattan 100%, Bronx 0%
205th largest portfolio by dollar value
885,871 sqft – office 74%, condo 25%;
376th largest by SF
3 properties – Manhattan 100%, Bronx 0%
2182th largest
Company Activity past 24 months:
Buyer company: 3 for $416.5 million
Borrower company: 3 for $172.7 million
Top Ten Associated Companies:
Pearlmark (1), Deutsche Pfandbriefbank (1), Clarion Partners (1), Jasper Lake LLC (1), Nuveen Real Estate (1), MetLife (1)
Top Ten Associated People:
Douglas W. Lyons (1), Michael O’Malley (1), Ralf Dresch (1), Christian Sand (1), Jonathan Gelb (1), Brian Wallick (1), Brett Ulrich (1)
Recent activity as company:
• Sovereign Partners borrowed $20 million from MetLife for 780 Third Avenue, Midtown East, Manhattan on July 09, 2024.
• Nuveen Real Estate sold 780 Third Avenue, Midtown East, Manhattan for $177 million to Sovereign Partners on July 09, 2024.
• Sovereign Partners borrowed $81.5 million from Jasper Lake LLC for 100 5th Avenue, Flatiron District, Manhattan on November 02, 2023.
• Clarion Partners sold 100 5th Avenue, Flatiron District, Manhattan for $126.5 million to Sovereign Partners on November 02, 2023.
• Sovereign Partners borrowed $71.2 million from Deutsche Pfandbriefbank for 126 East 56th Street, Midtown East, Manhattan on May 02, 2023.
• Pearlmark sold 126 East 56th Street, Midtown East, Manhattan for $113 million to Sovereign Partners on May 02, 2023.
Latest Stories:
• Sovereign Partners pays $113M to Pearlmark for Tower56 in Midtown East (May 03, 2023)
• Nuveen files plans for a $3M renovation of an office building in Plaza District (March 20, 2020)
Properties: