{"id":1006832,"date":"2026-09-29T16:18:36","date_gmt":"2026-09-29T20:18:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\/"},"modified":"2026-09-29T16:18:36","modified_gmt":"2026-09-29T20:18:36","slug":"seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\/","title":{"rendered":"Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million"},"content":{"rendered":"

<\/p>\n

Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million \u00a0<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nSeaport Entertainment Group Inc. (NYSE: SEG) (\u201cSeaport Entertainment Group,\u201d \u201cSEG,\u201d \u201cwe,\u201d \u201cour,” or the \u201cCompany\u201d) announced today it has successfully completed the sale of the eight-story residential building located at 85 South Street, New York, NY to an affiliate of MD Squared Property Group and Churchwick Partners for a sale price of $8.25 million.<\/p>\n

\n“Selling 85 South Street is another incremental step to strengthen our balance sheet while keeping our focus on the entertainment and hospitality destinations that most closely align with our strategic priorities,\u201d said Lenah Elaiwat, Chief Financial Officer and Treasurer of Seaport Entertainment Group<\/b>.<\/p>\n

\n85 South Street, which is home to 21 multifamily units and 5,500 square feet of ancillary leasable space in the Seaport neighborhood in Lower Manhattan, was originally acquired by Howard Hughes Holdings, the Company\u2019s former parent, in October 2014.<\/p>\n

\n\u201cWe are grateful to have had the opportunity to work with Matt Partridge and the entire team in the Seaport and thank them for a smooth transaction,\u201d said Michael Mintz, Chief Executive Officer and Founder of MD Squared Property Group<\/b>.<\/p>\n

\n\u201cWe thank Seaport Entertainment Group for their careful stewardship of this asset,\u201d said Asaf Fligelman, Partner at Churchwick Partners<\/b>. \u201c85 South Street fits squarely in our strategy of acquiring unique, value-add assets with strong underlying fundamentals.\u201d<\/p>\n

\nSEG was represented in this transaction by a JLL team led by Andrew Scandalios, Hall Oster, and Ethan Stanton.<\/p>\n

About Seaport Entertainment Group<\/b><\/p>\n

\nSeaport Entertainment Group is a premier entertainment and hospitality company that owns and operates a unique collection of assets positioned at the intersection of entertainment and real estate. Seaport Entertainment Group\u2019s focus is to deliver unparalleled experiences through a combination of restaurant, entertainment, sports, retail and hospitality offerings integrated into one-of-a-kind real estate that redefine entertainment and hospitality. For more information, please visit www.seaportentertainment.com<\/a>.<\/p>\n

About MD Squared Property Group<\/b><\/p>\n

\nMD Squared, founded in 2014, is a New York-based property management company with over 5,000 units, 1,000,000 square feet of commercial space and 160 properties under management in New York, Connecticut and Pennsylvania. MD Squared consistently enhances asset value and tenant satisfaction across diverse real estate portfolios.<\/p>\n

About Churchwick Partners<\/b><\/p>\n

\nChurchwick Partners is a New York-based real estate investment firm focused on acquiring, repositioning and operating multifamily and hospitality assets across the United States. Churchwick and its affiliates\u2019 portfolio comprises approximately 10,000 units across the continental United States. Churchwick pursues value-add opportunities where hands-on asset management and operational execution can unlock long-term value for its investors.<\/p>\n

Safe Harbor and Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements include, but are not limited to, statements concerning Seaport Entertainment Group\u2019s plans, goals, objectives, outlook, expectations, and intentions. Forward-looking statements are based on Seaport Entertainment Group\u2019s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including the risks and uncertainties discussed in filings with the Securities and Exchange Commission, including Seaport Entertainment Group\u2019s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date of this press release. Seaport Entertainment Group undertakes no obligation to update or revise any forward-looking statements for events or circumstances that arise after the date of this press release, except as may be required by applicable law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260929617031\/en\/<\/a><\/span><\/p>\n

\nSeaport Entertainment Group Inc.
\n
Investor Relations:
\n
T: (212) 732-8257
\n
ir@seaportentertainment.com
\n<\/a><\/p>\n

Media Relations:
\n
media@seaportentertainment.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Entertainment General Entertainment Commercial Building & Real Estate Finance Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million \u00a0 NEW YORK–(BUSINESS WIRE)– Seaport Entertainment Group Inc. (NYSE: SEG) (\u201cSeaport Entertainment Group,\u201d \u201cSEG,\u201d \u201cwe,\u201d \u201cour,” or the \u201cCompany\u201d) announced today it has successfully completed the sale of the eight-story residential building located at 85 South Street, New York, NY to an affiliate of MD Squared Property Group and Churchwick Partners for a sale price of $8.25 million. “Selling 85 South Street is another incremental step to strengthen our balance sheet while keeping our focus on the entertainment and hospitality destinations that most closely align with our strategic priorities,\u201d said Lenah Elaiwat, Chief Financial Officer and Treasurer of Seaport Entertainment Group. 85 South Street, which is … <\/p>\n

Continue reading “Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1006832","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSeaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million \u00a0 NEW YORK–(BUSINESS WIRE)– Seaport Entertainment Group Inc. (NYSE: SEG) (\u201cSeaport Entertainment Group,\u201d \u201cSEG,\u201d \u201cwe,\u201d \u201cour,” or the \u201cCompany\u201d) announced today it has successfully completed the sale of the eight-story residential building located at 85 South Street, New York, NY to an affiliate of MD Squared Property Group and Churchwick Partners for a sale price of $8.25 million. “Selling 85 South Street is another incremental step to strengthen our balance sheet while keeping our focus on the entertainment and hospitality destinations that most closely align with our strategic priorities,\u201d said Lenah Elaiwat, Chief Financial Officer and Treasurer of Seaport Entertainment Group. 85 South Street, which is … Continue reading "Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-29T20:18:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260929617031r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million\",\"datePublished\":\"2026-09-29T20:18:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\\\/\"},\"wordCount\":637,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260929617031r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seaport-entertainment-group-completes-sale-of-85-south-street-residential-building-for-8-25-million\\\/\",\"name\":\"Seaport Entertainment Group Completes Sale of 85 South Street Residential Building for $8.25 Million - 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