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AEW Capital Acquires Office Property In Manhattan For $1.48B

Property Image
SOLD
$1,488,000,000

Florida

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Office111,382 SF
Sold 12/21/2016
the dealdetailscomps
Property Image
SOLD

AEW Capital Acquires Office Property In Manhattan For $1.48B

1 New York Plaza, 1 Fdr Dr, New York, Ny 10004, Usa

See Similar Deals
Office111,382 SF
Sold 12/21/2016

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$13,359
Total Square Footage:111,382 SF
Transaction Type:Sale

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.

Players

BUYER

Details

SOLD
IMAGE: DATE: 12/21/16 ADDRESS: 1 Water Street AKA One New York Plaza⠀ CITY: NEW YORK⠀ MARKET: Manhattan⠀⠀ ASSET TYPE: Office⠀ SELLER: Brookfield Property Partners⠀ BUYER: AEW CAPITAL PRICE: $1,488,000,000 PPSF: $ 585⠀

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