Harbor taps CBRE to market Broad Street office tower

TRD New York /
Dec.December 13, 2011 10:07 AM

alternate
text
From left: Darcy Stacom and Bill Shanahan, vice chairmen of CBRE, and 4 New York Plaza
The 1.1 million-square-foot office tower at 4 New York Plaza is being marketed for a sale by a Darcy Stacom and Bill Shanahan-led CBRE Group team, according to the New York Post.

The building, at 115 Broad Street near Water Street, is 95 percent occupied, thanks largely to an 800,000-square-foot lease held by JPMorgan Chase that runs through 2025. The New York Daily News and American Media are also tenants of the building.

The building is owned by Virginia-based Harbor Group, which purchased the building for just $108 million — a recession-friendly price, according to the Post — in January 2010.

Harbor Group owns about 9.8 million square feet of commercial property and about 20,000 apartments around the country. It has become increasingly active in New York City in the last two years, as it acquired 1412 Broadway in November 2010 for $150 million and took control of a $31 million, 214-unit Upper Manhattan portfolio from Vantage Properties in August. [Post, 2nd item]


Related Articles

arrow_forward_ios
(iStock)

Look out below: Major real estate services firms brace for falling earnings

Look out below: Major real estate services firms brace for falling earnings
Brookfield Property Partners' Brian Kingston, Silverstein Properties' Larry Silverstein and Empire State Realty Trust's Anthony Malkin (Getty)

Real estate firms lead cautious return to NYC offices

Real estate firms lead cautious return to NYC offices
Hana CEO Andrew Kupiec, The Real Deal's Hiten Samtani and Hana's EVP of Occupier Solutions Georgia Collins

The REInterview: How flex space could upend supply-demand dynamics in the office market

The REInterview: How flex space could upend supply-demand dynamics in the office market
Matthew James (Credit: ABC)

First black “Bachelor” for ABC comes from real estate world

First black “Bachelor” for ABC comes from real estate world
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

“For years we all laughed at them”: office brokers warm to virtual tours

“For years we all laughed at them”: office brokers warm to virtual tours
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

How to open up our offices on tonight’s TRD Talk

How to open up our offices on tonight’s TRD Talk
CBRE CEO Robert Sulentic (Credit: Getty Images, iStock)

CBRE plans cuts to NYC tech team

CBRE plans cuts to NYC tech team
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...