 |
| Andrew Scandalios |
NEW YORK, NY – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a
12,600-square-foot, development-ready land site located at 45 Broad Street in Lower Manhattan.
HFF marketed the site on
behalf of the seller, LCOR. A
partnership led by Madison Equities with The Pizzarotti Group purchased 45
Broad Street for $86 million.
The development site is
zoned for residential, commercial or mixed-use space and has no height
restriction, allowing for panoramic river, harbor, skyline and horizon
views.
The site is located
between Exchange Place and Beaver Street in Lower Manhattan, an area of the
city that has seen numerous new developments as of late, such as the World
Trade Center, South Street Seaport, Brookfield Place and Fulton Center. In addition, more than one million square
feet of luxury retail space is slated to open in Lower Manhattan in the next
year.
The HFF investment sales
team was led by senior managing director Andrew
Scandalios, managing director Jeff
Julien, director KC Patel and
senior managing director Jose Cruz.
“Lower Manhattan has seen
an unprecedented influx of capital recently, which has led to a residential
resurgence in the area and soaring luxury condo demand,” said Scandalios.
“This neighborhood is an
ideal live/work environment with a diverse employer base including firms
Goldman Sachs, American Express, Moody’s and Merrill Lynch, complemented by an
improved public transit system, world class cultural attractions an abundance
of schools, high-end retailers, award-winning restaurants and parks.”
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
krmurphy@hfflp.com
No comments:
Post a Comment