Wednesday 3 April 2019

JPMorgan looks to sell 1.1M sf FiDi office building for $730 psf

JPMorgan is looking to sell its Lower Manhattan office building at 195 Broadway, and it’s shooting for as much as $800 million. The bank’s asset management arm owns a 95 percent stake in the 1.1 million-square-foot building through a partnership with L&L Holding and Beacon Capital. The partners had recently sought to refinance the building, but instead decided to change tack earlier this year. JPMorgan Asset Management is considering bids ranging from a 49 percent […]



source https://therealdeal.com/2019/04/03/jpmorgan-looks-to-sell-1-1m-sf-fidi-office-building-for-730-psf/

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