Former Silverstein Chief Makes $245 Million Midtown Bet With New Platform
L&L Infinite, a joint venture led by Marty Burger and David Levinson, acquired 600 Third Avenue in Midtown East for $245 million. Burger, who previously served as CEO of Silverstein Properties, formed the platform earlier this year with Levinson, CEO of L&L Holding. The buyers partnered with affiliates of Mack Real Estate Group, BLDG Management, and BD Blakely on the transaction. Bain Capital provided $215 million in acquisition financing.
The 42-story tower spans 575,254 square feet and stands 92% occupied. Tenants include law firm Polsinelli and private equity firm 3G Capital. The building sits between East 39th and East 40th streets, positioning it near Grand Central Terminal and other Midtown East transit infrastructure.
Burger described New York City’s leasing market as having made a full recovery, citing the return of workers to offices following pandemic lockdowns. L&L Infinite is targeting office and multifamily assets in New York, where new supply remains limited, and is also examining opportunities across Florida. Midtown East has seen increased investor interest driven by its transit connectivity and tenant demand for well-located space.
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