SOLD
L&L Holding Acquires Office Building On 195 Broadway In Financial District For $800M
195 Broadway
Office
1,052,861 SF
1,052,861 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
1,052,861 sqft
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.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: Adam Spies, Doug Harmon, Kevin Donner, Josh King, Marcella Fasulo, Adam Doneger, David Levinson & Robert Lapidus
DATE: 09/17/2019
ADDRESS: 195 Broadway
MARKET: Financial District
ASSET TYPE: Office
BUYER: L&L Holding
SELLER: JPMorgan Asset Management
BROKERS: @CushWake Adam Spies, Doug Harmon, Josh King, Kevin Donner, Marcella Fasulo and Adam Doneger
VALUE: $800,000,000
SF: 1,052,861 ~ PPSF: $759
NOTE: L&L to purchase the remaining 95% stake of the building from JP, they already own 5%. IStar/Safehold to buy the ground lease position at the property for $275M.View on map
Loading...
Address195 Broadway
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want