Tuesday, November 3, 2015

HFF closes $18.25 million sale of 315 Broadway in Tribeca, Manhattan

                                315 Broadway, Tribeca Neighborhood, Manhattan, NY

Rob Rizzi
NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 315 Broadway, an 18,089-square-foot, mixed-use, loft-style office building with ground floor retail space in the Tribeca neighborhood of Manhattan.

HFF marketed the property on behalf of the seller, a long-term private real estate partnership.  The Laboz family of United American Land purchased the asset for $18.25 million free and clear of existing debt. 

315 Broadway is located on Broadway between Thomas and Duane Streets directly across from the Jacob K. Javits Federal Building in Tribeca.  Built in 1861 as a store and loft building, the five-story building features approximately 3,900 square feet of ground floor retail and 14,186 square feet of office.

 The retail benefits from the highly-trafficked Broadway corridor, which has become a tourist destination for those traveling from the Financial District to Soho.  

The remaining portions of the building contain 13-plus foot ceilings, original cast-iron columns, oversized windows and exposed brick walls.  315 Broadway is within close proximity to the Chambers Street, Park Place and City Hall subway stations.

Eric Anton
The HFF investment sales team representing the seller was led by senior managing director Eric Anton, managing director Rob Rizzi, and associate directors Steven Rutman and David Fowler.

“We are extremely honored to have completed this successful transaction for our clients whom decided to sell into the strongest market Lower Manhattan has ever seen,” said Anton.

. For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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