Ivanhoe Cambridge, Callahan Capital Acquire Manhattan’s 85 Broad St. in Latest Office Buy

Montreal-based Ivanhoé Cambridge, Inc. and its investment partner, Callahan Capital Properties (CCP), have acquired the 30-story, 1.12 million-square-foot 85 Broad St. in New York City for approximately $ 650 million, or about $ 580 per square foot, from a joint-venture between MetLife Real Estate and Beacon Capital Partners. MetLife previously owned the tower before bringing on Beacon in a $ 175 million, 50/50 recapitalization of the office tower…
National Commercial Real Estate News From CoStar Group

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