Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million
Seaport Entertainment Group completed the sale of its eight-story residential building at 85 South Street, New York, NY to an affiliate of MD Squared Property Group and Churchwick Partners for $8.25 million. The company described the transaction as a step to strengthen its balance sheet while maintaining its focus on its core operations.
Why it matters — For SEG watchers, this sale represents a completed divestiture that provides cash proceeds and is framed by the company as part of an ongoing effort to strengthen its balance sheet.