180 Maiden Lane sold.Paramount Group, Inc. has just announced the $355 million sale of 180 Maiden MAIDEN. The name of an instrument formerly used in Scotland for beheading criminals. Lane, a 1.1 million s/f office property in downtown Manhattan Manhattan, indigenous people of North America Manhattan (mănhăt`ən), indigenous people of North America of the Algonquian-Wakashan linguistic stock (see Native American languages). . The buyer is Almah, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a real estate investment partnership financed by The Moinian Group. The property is a state-of-the-art office tower, leased primarily to Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. and Stroock, Stroock & Lavan. The building has a redundant energy generation system that enabled it to stay fully lit on 9/11. "The faith that property owners, including Paramount Group, continue to have in downtown Manhattan is tremendous," said Albert P. Behler, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Paramount Group. "We acquired 180 Maiden Lane in early 2001, and even following 9/11, we were able to achieve a sale price significantly above our original purchase price, which we hope to at least partially re-invest in downtown Manhattan." In the transaction, Paramount Group was represented by Wayne Maggin, of Eastdil Properties. The Moinian Group represented itself. |
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