TH Real Estate Acquires Offic Building In Manhattan For $67M

The property transaction at 86 Chambers Street in Manhattan recently closed for a total price of $67,000,000. The property is an office space with a total size of 115,000 square feet. The price per square foot comes to $582, making it a significant investment in the New York market. The sellers of the property were TAIB Bank, DCD Group, and AION Partners, while the buyer was TH Real Estate, representing TIAA.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $67,000,000
• Street Address: 86 Chambers Street, New York
• Market: Manhattan
• Square Footage: 115,000
• Price per Square Foot: $582
• Seller: TAIB Bank, DCD Group, AION Partners
• Buyer: TH Real Estate (TIAA)

The deal involved key individuals and companies representing the buyer and seller. The buyer was represented by TH Real Estate, acting on behalf of TIAA. The sellers included TAIB Bank, DCD Group, and AION Partners. This transaction highlights the significant investment made in the Manhattan office market and the confidence shown by TIAA and other parties involved.