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Donovan LLP represents The Blue Man Group in sale of 238-240 East 3rd

Originally Published in The Real Deal


The Blue Man Group sold its production studio in the East Village to Craftwood Partners for $12 million.

The property, at 238-240 East 3rd Street, offers 21,004 buildable square feet.

Craftwood plans to demolish the vacant site and build a condominium tower with a mix of two- and three-bedroom units.

The Nassimi Group represented the buyer while Cushman and Wakefield represented the seller.

The Blue School, a private school founded by members of the Blue Man Group, sold its location at 241 Water Street in Lower Manhattan last December.

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