Mayweather Punches Into $10B Office Portfolio, Betting On Post-COVID Revival

Boxing legend Floyd Mayweather Jr. is expanding his real estate empire with a major stake in 601W Companies’ $10 billion office portfolio, marking his latest move in commercial property investment.

According to The Real Deal, the deal, announced just weeks after his $402 million apartment portfolio acquisition, gives him partial ownership of 18 buildings totaling 10 million square feet.

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While specific financial terms remain confidential, a source close to the deal described it as Mayweather’s “most significant” investment. The former world champion, who has accumulated $1.1 billion in career earnings, previously invested over $100 million with office landlord SL Green.

The portfolio includes prominent properties like 410 10th Avenue in Hudson Yards, Chicago’s Aon Center and Old Post Office Building and the Harborside office complex in Jersey City.

Mark Karasick, managing member of 601W, confirmed that Mayweather’s investment will support property repositioning efforts and new acquisitions. The firm seeks opportunities in distressed office properties across major metropolitan areas, including Chicago and New York.

According to the report, 601W Companies has successfully navigated post-pandemic challenges. At 410 10th Avenue, purchased for $952 million in late 2020, the property maintains sufficient rental income to cover its mortgage obligations through 2032 despite occupancy dropping to 65% following First Republic Bank’s collapse.

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The firm recently secured a $65 million loan on an $85 million Harborside property acquisition, reflecting continued lender confidence. While facing industrywide refinancing hurdles, 601W has successfully negotiated several workout arrangements, including a three-year extension on the Aon Center’s half-billion-dollar debt package and fresh equity injection for Chicago’s One South Wacker Drive.

“New York City is the center of the world,” Mayweather said in a statement. “A wise person once told me if you buy real estate in New York and hold on to it over the years, you will always make money and win.”

The investment follows Mayweather’s October agreement to purchase Black Spruce Management’s apartment portfolio, comprising over 60 rental buildings in what could become New York City’s largest real estate transaction of the year.

The undefeated boxer’s expanding real estate portfolio reflects growing investor interest in office properties despite persistent market uncertainty. His partnership with 601W Companies, known for trophy office ownership and redevelopment expertise, signals confidence in the sector’s post-pandemic recovery potential.

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