Jun
01
85 Broad St. in Manhattan Gets 2 New Owners
ByThe 1.1 million-square-foot building takes up the full block of Broad Street between South William and Pearl streets and has 115 feet of frontage along Broad Street in the Financial District.
Longtime strategic partners Ivanhoé Cambridge and Callahan Capital Properties made their first Downtown Manhattan purchase, acquiring 85 Broad St., a 30-story office tower, from a joint venture of MetLife Real Estate and Beacon Capital Partners for approximately $650 million.
“We believe downtown offers tremendous long-term growth potential given the immense public and private investment that continues to attract a broad array of businesses and residents,” Tim Callahan, CEO of Callahan Capital Partners, said in a prepared statement…
