Invesco Acquires Office Property In Manhattan For $235M

The office property located at 80 Broad Street in Manhattan, New York has been sold in a closed transaction. The transaction took place on November 15, 2017, at a sale price of $235,000,000. The property has a total area of 425,000 square feet, resulting in a price per square foot of $550. The property is situated in the prime market of Manhattan, making it an attractive investment opportunity.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $235,000,000
• Address: 80 Broad Street, New York
• Market: Manhattan
• Square Footage: 425,000
• Price per Square Foot: $550

The seller of the property was Raymond Chalmé and Daniel Blanco's Broad Street Development, while the buyer was @invescous. Representing the parties in the deal was the broker @cushwake. The transaction generated significant interest, with 95% of the property's ownership being acquired.