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CNA Sells Property.

The downtown real estate revival goes on.

Insurance giant CNA has agreed to sell the 41-story 180 Maiden Lane to Paramount Group, real estate sources said yesterday, for a reported $330 million.

The sleek tower gives the Paramount Group a property in one of the hottest areas in the city - one with blue-chip tenants like investment bank Goldman Sachs and law firm Stroock Stroock & Lavan. The 1.1 million square foot building stands near the corner of Maiden Lane and Water Street near the South Street Seaport.

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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 30, 2000
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