$82m loan helps Downtown sale.Marcus & Millichap Real Estate Investment Brokerage Company, the nation's largest real estate investment brokerage firm, has arranged the sale of 55 Broadway (One Exchange Plaza) in Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North for $82 million. The sale price represents a price of $273 a square foot and a sub 5-percent cap rate. Marcus & Millichap exclusively listed and marketed this asset to the top owners in the country, including many of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's largest office-building owners. Michael Forrest, Doris Pokras and David Shorenstein, office investment specialists in the Manhattan office of Marcus & Millichap, represented both the buyer, Raymond Chalme and Dan Blanco Blanco (meaning the color white in Spanish) is an adjective often used in Spanish surnames. Below is a list of famous people and places associated with the word. of Broad Street Development, and the seller, Bank of Communications Bank of Communications Limited (BoCom or BoComm) HKSE: 3328 (Simplified Chinese: 交通银行; Traditional Chinese: 交通銀行 . "The Manhattan office market has one of the lowest overall vacancy rates in the country," Forrest comments, "and users continue to be pushed out of Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town because of high rents. When combined with its lack of available land for new development, the conversion of many Downtown office buildings to residential condominiums and its diverse economy, it is not surprising that this market ranks as one of the top markets to watch in the year ahead. The sale of this asset and the strong pricing achieved demonstrate the continued demand for office space in Lower Manhattan among investors." |
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