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29 John Street sold.


Eastern Consolidated Properties, Inc. exclusively represented McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company.  Finance Corporation in the sale of 29 John Street to the Collegiate col·le·giate  
adj.
1. Of, relating to, or held to resemble a college.

2. Of, for, or typical of college students.

3. Of or relating to a collegiate church.
 Reformed Dutch Church. Scott Latham, vice president, @ who represented the seller, said that interest for this 16 - story, 61,000-square-foot office building, located in the heart of the Nassau Street Nassau Street could refer to several different locations:
  • Nassau Street (Dublin) – a street in Dublin, Ireland.
  • Nassau Street (Winnipeg) – a street in Winnipeg, Manitoba.
  • Nassau Street (Princeton) – a street in Princeton, New Jersey.
 pedestrian mall pedestrian mall pedestrian (US) nFußgängerzone f

pedestrian mall n (US) → zona pedonale 
, was "overwhelming."

29 John Street has several retail stores situated.on the corner of Nassau Street and John Street in the heart of the Nassau Street Mall. The property is 60 percent tenanted, offering, a smaller alternative for companies that need to be close to City Hall and the courts.

The church, which owns millions of square feet in the immediate area, outbid out·bid  
tr.v. out·bid, out·bid·den or out·bid, out·bid·ding, out·bids
To bid higher than: We outbid our rivals at the auction.
 the competition establishing a new bench mark of $43 per square foot for a downtown Manhattan office building. Chaim Katzap of CB Commercial advised the church in this transaction which was contracted and closed in less than 30 days and was sold on an all cash basis.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Collegiate Reformed Dutch Church purchases office building in New York, New York
Publication:Real Estate Weekly
Date:Dec 9, 1992
Words:162
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