Ivanhoe Cambridge, CCP Acquire 85 Broad Street in Manhattan

Ivanhoé Cambridge, Inc. and its investment partner, Callahan Capital Properties (CCP), have acquired the office building at 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 deal in November 2014, according to CoStar data. The…
National Commercial Real Estate News From CoStar Group

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