MetLife, Beacon Capital look to sell 85 Broad

Former Goldman Sachs HQ is 91% occupied
January 19, 2017 10:00AM

85 Broad Street (Credit: 85 Broad)

MetLife and Beacon Capital Partners are looking to sell the former Goldman Sachs headquarters at 85 Broad Street.

The owners hired Eastdil Secured TRData LogoTINY to market the 1.1 million-square-foot building, which is 91 percent occupied, according to Real Estate Alert, which noted the property is valued at up to $700 million.

Eastdil has started preliminary discussions with investors, and is expected to kick off a sales campaign soon.

Tenants in the building include Oppenheimer & Co., WeWork, Nielsen and VOX Media.

Goldman developed the 30-story building as its headquarters in 1983, and MetLife bought it two years later for $74.4 million. Beacon Capital bought a 50-percent stake in the property in a deal that valued it at $350 million in 2014, when the building was half empty.

Eastdil Secured is also bringing to market the 1.8 million-square-foot One Worldwide Plaza in Midtown. – Rich Bockmann