Nymex building could fetch $700M

The New York Mercantile Exchange is fielding offers for its Lower Manhattan headquarters ahead of a deal to sell itself to a rival exchange, according to reports. Nymex is asking between $600 and $700 million for the 15-story, 500,000-square-foot building, which is located at 1 North End Avenue in the World Financial Center. The property may sell for even more than that because it is only 10 years old and has state-of-the-art trading facilities. Potential buyers that have toured the building include Larry Silverstein, Brookfield Properties, Citigroup and Merrill Lynch. more [Post]

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