David C. Drewes~~Jennifer A. Coffey~~Todd G. Cosenza~~Frederick Swanstrum~~Matthew Ender-Silberman~~Olivia Divak
January 24, 2026
Willkie Advises Mutual of America in Sale of 320 Park Avenue

1 min
AI-made summary
- Mutual of America has sold its stake in the 320 Park Avenue office building in New York City to Munich Re, which now holds full ownership of the property
- The transaction, announced on December 23, is among the largest office sales in New York City in 2024
- The building, which houses several financial institutions, recently underwent a $35 million renovation covering over 350,000 square feet
- Willkie advised Mutual of America in the sale.
Willkie advised Mutual of America in the sale of its stake in 320 Park Avenue to Munich Re, which will take full ownership of the office building in New York. On December 23, it was announced that Munich Re acquired full ownership of the 320 Park Avenue office tower in New York City from Mutual of America. 320 Park Ave. is a prime address, and serves as the New York headquarters for a number of financial institutions such as Mutual of America. In 2021, asset manager MEAG secured a 25% stake in the Class A office tower on behalf of Munich Re in a joint venture with Mutual of America. Since then, the building has been modernized over an area of +350,000 square feet, almost half of the total available office space, with a recently completed $35 million renovation. The transaction is one of the largest office sales in New York City in 2024. The Willkie team was led by partners David Drewes, Jennifer Coffey and Todd Cosenza, and included associates Fred Swanstrum and Matt Ender-Silberman and law clerk Olivia Divak.
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David C. Drewes~~Jennifer A. Coffey~~Todd G. Cosenza~~Frederick Swanstrum~~Matthew Ender-Silberman~~Olivia Divak
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