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Bank buys Midtown building.


Following the trend of banks relocating from lower Manhattan to Midtown, Banca Di Roma has purchased 34 East 51 st Street for its New York headquarters.

Galbreath Riverbank's Alan M. Bourne Bourne, town (1990 pop. 16,064), Barnstable co., SE Mass., crossed by Cape Cod Canal; settled 1627, inc. 1884. Bourne Bridge (1935), across the canal, made the town an entry point to Cape Cod and a resort and commercial center.  and Scott C. Coopchik represented the seller, AD 51 Company, led by George Transom. The 10-story, 42,000-square-foot property sold for $11.9 million.

Banca Di Roma has leased offices at 100 Wall Street for many years.

The bank plans to completely renovate the interior of 34 East 51st Street before moving in. This prestigious building was developed in 1922 and is located directly between the New York Palace
  • Palace Theatre, New York
  • New York Palace, Budapest, Hungary
 Hotel and Mutual of America Mutual of America Life Insurance Company, also referred to as Mutual of America is a Fortune 1000 mutual company based in New York, New York. Founded in 1945, it is ranked on the Forbes 500 list as the 10th largest insurance company in the United States.  building at 320 Park Avenue. Michael Salzhauer of CHH CHH Cartilage Hair Hypoplasia
CHH Crustacean Hyperglycemic Hormone
CHH Carter Holt Harvey Limited (Australia & New Zealand)
CHH Chuan Hup Holdings Limited (Singapore)
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 Realty and the Americon Consulting Group represented Banca Di Roma in the transaction.
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Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Banca di Roma purchases commercial building at 34 East 51st St., New York, New York
Publication:Real Estate Weekly
Date:Feb 17, 1993
Words:127
Previous Article:Hotels to be sold in sealed bid sale.
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