SJP Properties has wrapped up its acquisition of 470 Park Ave. S. for $245 million.
The New York-based firm inked the deal through a joint venture partnership with Prudential Financial Inc.’s (NYSE: PRU) real estate segment.
The goal, according to SJP chief executive Steven Pozycki, is to transform the property with a highly “amenitized,” boutique hotel-style lobby that includes an outdoor garden, collaborative workspace, a game room, and a café and bar.
He added:
The plan calls for two…
