One Investment Management Acquires Multifamily Asset At 80 Broad Street For $300 Million

The property asset involved in this transaction is located at 80 Broad Street in the Financial District. It is classified as multifamily and spans a total area of 430,000 square feet. The transaction was completed at a sale price of $300,000,000, which translates to approximately $697 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $300,000,000
• Address: 80 Broad Street
• Market: Financial District
• Square Footage: 430,000
• Price Per Square Foot: $697
• Investor: One Investment Management
• Sponsor: Raymond Chalmé & Daniel Blanco - Broad Street Development; PCCP
• Brokers: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein & Willis Robbins - Newmark

The key individuals and companies involved in the deal include sponsors Raymond Chalmé and Daniel Blanco from Broad Street Development, along with PCCP. The brokerage team representing the transaction consists of Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein, and Willis Robbins from Newmark.