Idan Ofer Of Quantum Pacific Group And Nathan Berman Of Metro Loft Acquire Office Building For $104.5M

The office building located at 1 Whitehall Street in Manhattan's Financial District was sold for $104.5 million, translating to approximately $332 per square foot. The property spans 314,477 square feet and was previously owned by LoanCore Capital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $104,500,000
• Square Footage: 314,477
• Price Per Square Foot: $332
• Buyer: Idan Ofer - Quantum Pacific Group & Nathan Berman - Metro Loft
• Lender: LoanCore Capital
• Closing Date: July 1, 2026
• Recording Date: July 10, 2026

MetroLoft Management and Quantum Pacific Group are set to convert the property's considerable space into residential units, marking a significant transformation for the site. The deal reflects the collaboration between the buyers and highlights their strategic acquisition for future development.