The sale of the office building located at 195 Broadway in the Financial District has been finalized. The property, spanning over 1,052,861 square feet, was sold for a total value of $800,000,000, with a price per square foot of $759. The transaction took place on September 17, 2019.

Summary of transation details

• Property Type: Office
• Transaction Amount: $800,000,000
• Address: 195 Broadway
• Market: Financial District
• Buyer: L&L Holding
• Seller: JPMorgan Asset Management
• Brokers: Adam Spies, Doug Harmon, Kevin Donner, Josh King, Marcella Fasulo, and Adam Doneger of @CushWake
• Square Footage: 1,052,861
• Price Per Square Foot: $759

L&L Holding successfully acquired 95% of the building from JPMorgan Asset Management. It is important to note that L&L Holding already owned 5% of the property. Additionally, iStar/Safehold purchased the ground lease position at the property for $275,000,000.