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McCrossen and Parachini of Donovan LLP represent the Blue Man Group in sale of 238-240 East 3rd


Originally Published in The Real Deal

Written by Christian Bautista

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.