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.