Sixth Street and 60 Guilders Partner on $173 Million Acquisition of The Center Building in Long Island City
New York – June 29, 2022 – Sixth Street, a leading global investment firm, in partnership with 60 Guilders, a New York City-based real estate investor and manager, has completed the acquisition of The Center Building at 33-00 Northern Boulevard in Long Island City for approximately $173 million.
Built in 1915, The Center Building is a historic property with 559,000 square feet of commercial office space and nearby access to the E, M, R, N, and W subway lines. Major tenants include the New York City Human Resources Administration (HRA), which is dedicated to fighting poverty as the largest social services agency in the United States, and the Metropolitan Transportation Authority (MTA).
Sixth Street Real Estate invests in properties and provides financing solutions across the full range of real estate asset classes: office, residential, hospitality, industrial, and retail as well as niche assets. Sixth Street has a flexible mandate to invest up and down the capital structure including equity, preferred equity, and debt.
Eastdil Secured represented the buyer while Cushman & Wakefield represented the seller on the transaction. Cushman & Wakefield also assisted in bringing together Sixth Street and 60 Guilders.
About Sixth Street
Sixth Street is a global investment firm with over $60 billion in assets under management and committed capital. Sixth Street uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Founded in 2009, Sixth Street has more than 400 team members including over 180 investment professionals operating around the world. For more information, visit www.sixthstreet.com, or follow Sixth Street on LinkedIn, Twitter, and Instagram.
About 60 Guilders
60 Guilders, LLC is a New York City real estate management and investment firm founded in 2013 by Kevin Chisholm and Bastien Broda. 60G’s Co-Founders have 38 years of combined real estate investment and corporate management experience. Since they started working together in 2009, Kevin and Bastien have invested in 41 NYC buildings totaling 11 million square feet. For more information, visit www.60guilders.com or follow 60 Guilders on LinkedIn or Instagram.