It’s Official! 230 Park Trades for $1.15 B.

122607 230park web Its Official! 230 Park Trades for $1.15 B.Istithmar has announced the $1.15 billion sale of the former Helmsley Tower at 230 Park Avenue. A partnership between a Goldman Sachs fund and Monday Properties bought the 34-story tower, which Istithmar itself bought in 2005 for $705 million.

The Observer talked with Istithmar CEO David Jackson earlier this year. News of 230 Park’s imminent sale was already out.

Article continues below
More from Politics
Jamie Fox during the second of his two stints as NJ Transportation Commissioner.
Jamie Fox Has Died at 62