DivcoWest Real Estate Investments is a California-based company that focuses on acquiring and managing commercial real estate properties, with a particular emphasis on tech-heavy markets. With its recent acquisition of the 39-story office building at 540 Madison Avenue in New York City, Divco has expanded its footprint in the Big Apple. The tower, located in the Plaza District, is 89% leased and offers spacious floor plates that are attractive to tech tenants.
Boston Properties, the previous owner of the building, acquired it in 2008 as part of a larger portfolio purchase. Divco now owns two office properties in Manhattan, including the 14-story office building in Hell's Kitchen. In addition to its New York acquisitions, Divco has also made investments in other major cities such as Seattle and Beverly Hills.
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