The Vanbarton Group sold its Midtown headquarters at 292 Madison Avenue for around $90 million after defaulting on an $87.5 million loan from Deutsche Bank earlier this year. Purchased in 2016 for nearly $180 million, the 26-story building had undergone significant renovations. Newmark, hired by Deutsche Bank, facilitated the sale to 60 Guilders and Sentry Realty, a division of American Exchange Group. This transaction allowed Vanbarton to clear its debt.
The Vanbarton Group
