search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aChetrits have a problem in PassaicChetrits have a problem in PassaicMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

Emmes set to pay $160M for Oestreicher’s 160 Water Street

Firm also owns the FiDi office building next door

From left: 160 Water Street, Michael Stone and David Tricarico
From left: 160 Water Street, Michael Stone and David Tricarico

Real estate investment firm Emmes Asset Management is in contract to buy a 480,000-square-foot office building at 160 Water Street for $160 million in an off-market deal.

Sign Up for the undefined Newsletter

Oestreicher Realty is slated to unload the 24-story Financial District property at $333 per square foot. Emmes also owns the office building next door, at 180 Water Street, which it acquired from Melohn Properties for $151 million last year, as The Real Deal reported.

New York City Health and Hospitals and Beth Israel Medical Center are among the tenants. The building, which formerly housed AIG, is fully occupied except for a 20,000-square-retail space that covers three floors. Cushman & Wakefield brokers Michael Stone, Lindsay Anapol and David Tricarico are marketing that space. [NYP] — Mark Maurer

Tags
Emmes Asset Management