Normandy Real Estate Partners & Columbia Property Trust Acquire Office Building In Tribeca For $205M

The office building located at 250 Church Street in Tribeca has been sold in a closed transaction. The property spans 235,000 square feet and was purchased for a total price of $205,000,000, resulting in a price per square foot of $872. The transaction was completed by buyers Normandy Real Estate Partners and Columbia Property Trust, while the seller was Norvin Properties.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $205,000,000
• Square Footage: 235,000
• Price per Square Foot: $872
• Address: 250 Church Street
• Market: Tribeca

Avison Young represented both parties in the deal. The team from Avison Young involved in the transaction includes James Nelson, Charles Kingsley, Vincent Carrega, and Neil Helman. Their expertise and negotiation skills played a crucial role in the successful completion of the transaction.