Venable recently represented EmblemHealth in the sale of its eight-story office building at 441 Ninth Avenue on Manhattan's Far West Side to Cove Property Group and Baupost Group for $330 million. EmblemHealth currently occupies the entire 423,000-square-foot building and is preparing to move out in 2017. The building is expected to be renovated and vertically expanded by 150,000-square feet.
Peter Koffler, Sue Golden, Steven Weinberger, Sharon Connelly, and Jared Wachtler represented EmblemHealth on the deal. The Real Deal featured news of the deal earlier in the year.
Earlier this year, Koffler, Suzanne St. Pierre, and Ashley Dunn represented EmblemHealth in connection with its deal to occupy a seven-story medical facility under construction in the East New York section of Brooklyn. Venable negotiated the build-to-suit net lease and construction contracts.