AEW Capital Acquires Office Property In Manhattan For $1.48B

Located at 1 Water Street, also known as One New York Plaza, in Manhattan, this office property was recently sold in a closed transaction. The sale took place on December 21, 2016, with a selling price of $1,488,000,000. The property is situated in the bustling city of New York and is classified as an office asset.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $1,488,000,000
• Price Per Square Foot: $585
• Address: 1 Water Street (One New York Plaza)
• City: New York
• Market: Manhattan

The seller of this office property is Brookfield Property Partners, while the buyer is AEW Capital. These two companies were involved in the closed transaction, conducted on December 21, 2016. The sale price of $1,488,000,000 translates to a price per square foot of $585, highlighting the value of this office asset in the Manhattan market.