Shigeto Chono Of Takenaka Corporation Acquires Office Building At 1 Broadway For $170M

The 230,000-square-foot office building located at 1 Broadway in Manhattan has been acquired for $170 million. This transaction places the price per square foot at $739. The deal highlights the property’s positioning in a prominent market, emphasizing its value within the Manhattan office landscape.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $170,000,000
• Buyer: Shigeto Chono - Takenaka Corporation
• Seller: Rockwood Capital& Midtown Equities
• Brokers: Marcella Fasulo, Adam Spies, Willis Robbins, Adam Doneger & Joshua King - Newmark
• Square Footage: 230,000
• Price Per Square Foot: $739

Taking part in this transaction are key figures representing their respective sides. The buyer, Shigeto Chono, is associated with Takenaka Corporation, while the sellers, Rockwood Capital and Midtown Equities, are known entities in the real estate market. The deal is facilitated by brokers from Newmark, specifically Marcella Fasulo, Adam Spies, Willis Robbins, Adam Doneger, and Joshua King.