The Real Deal New York

AIG buildings could sell for $100M

June 03, 2009 08:53AM

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According to the Post, AIG may have signed a contract to sell its two buildings in Lower Manhattan, 70 Pine Street and 72 Wall Street, which are connected by a skywalk. Sources said a foreign buyer will pay about $100 million for the 1.05 million square feet of space. The buyers are expected to create a mixed-use development that could include residential and retail space, and will have to put down at least a $10 million deposit at the contract signing. Because of anti-terror legislation, the Department of State will have to approve the overseas buyer.

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