EXECUTIVE SUMMARY:

Cushman & Wakefield has been exclusively retained to offer for sale or recapitalization the 100% fee simple interest in Tower 56 (the “Property” or “Offering”). Tower 56 is a 33-story, 186,884 square foot, boutique Class-A office asset prominently located in the heart of Manhattan’s preeminent Plaza District on 56th Street between Park and Lexington Avenues. The Property is currently 80% leased to a distinguished tenant roster, offering the atmosphere of a private club and the convenience of a central Midtown Location, ideal for boutique tenants.

The Offering presents a unique opportunity to acquire a boutique trophy asset located in the Plaza District, the most coveted Midtown Office submarket. The Property features attractive floorplates averaging ~6,000 square feet, ideal for small to mid-size tenants with small space requirements seeking a single-floor identity with coveted city and skyline views from tower floors. Ownership has implemented strategic capital improvements including a full lobby renovation featuring a dramatically lit entrance with marble floors and a seating area. Furthermore, the Property provides future ownership the flexibility to benefit from the unique opportunity of future residential conversion. Tower 56 also benefits from superior transportation access, proximate to the E, M, N, Q, R, W, 4, 5, and 6 subway lines and is located within walking distance to Grand Central Terminal, providing premier accessibility to all of Manhattan and the boroughs.