Manhattan’s Toy Center Up for Sale

W&H (Wien & Helmsley) Properties is reportedly looking to sell The International Toy Center, twin office towers located near west 23rd Street in Manhattan, for $400 million or more. A spokesman for W&H declined to comment on the property’s asking price.

For decades, the two buildings — 200 Fifth Avenue and 1107 Broadway — have housed the International Toy Center. The combined properties encompass 1 million sq. ft. of office space. The buildings are connected by a skybridge.

"This is a once-in-a-century offering, two large buildings with highly flexible floor plates, in a choice location within a 24/7 community whose household earning demographics are now the equal of Tribeca and the Upper East Side," says Anthony Malkin, president of Wien & Malkin Supervisory Services, which is leading the partnership that is selling the properties.

A team of CB Richard Ellis investment sales brokers is representing W&H in the sale.

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